This paper provides an overview of the small business CGT concessions and delves into the recent changes made to the legislation. Topics covered include:
- a summary of the basic conditions that need to be satisfied
- details of the specific conditions that need to be satisfied to utilise each of the small business concessions
- practical case studies illustrating how small differences in the structure of a business can result in a very different outcome
- practical case studies illustrating how different business structures can impact the way in which the tax-free capital gain can be extracted from the business structure.