shopping_cart

Your shopping cart is empty

Small business CGT concessions — Making sense of the new rules affecting shares and units paper

Published on 25 Feb 21 by NATIONAL DIVISION, THE TAX INSTITUTE

This paper covers: 

  • The additional conditions which are now required to be satisfied, including how they apply to “later entities”
  • How the choice of legal structure can affect the availability of the concessions
  • Some traps for the unwary
  • The special rules which apply when seeking to use the small business roll-over in Subdivision 152-E to acquire shares or units as a replacement active asset
  • Downturn in turnover and reduction in valuation issues
  • Case study/ies with numbers – deep dive with legislation, rulings (if any) and numbers to work through the problem – merging the study into the presentation with a mix of numerical mini examples.

 

Author profile

Linda Tapiolas CTA
Linda is a Partner in the Cooper Grace Ward Lawyers Commercial team. She provides a range of support services to accountants, financial planners and other professional advisers. This includes technical advice on complex tax, CGT and Div 7A issues, as well as acting on business sales and acquisitions to ensure clients achieve commercial and tax-effective outcomes. Prior to joining Cooper Grace Ward, Linda worked as an accountant for 18 years advising clients on capital gains, business acquisitions and restructuring. She also conducted seminars and training sessions on various topics including CGT small business concessions - Current at 15 March 2021
Click here to expand/collapse more articles by Linda Tapiolas.

 

This was presented at 2021 Private Business Tax Retreat .

Get a 20% discount when you buy all the items from this event.

Individual sessions









Further details about this event:

 

Copyright Statement
click to expand/collapse