Miscellaneous 2009

Small business CGT concessions: They still are not easy to apply paper!

Source: New South Wales

Published Date: 28 Jul 2009

 

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

This paper addresses what has recently changed and what you need to consider when structuring for and trying to access the concessions, including that:

  • rollovers to superannuation are now available after the 2-year rollover concession
  • your spouse is not usually your affiliate - but for some purposes is (this is relevant to the active asset and other threshold tests)
  • you cannot carry on a business as a partner and so be a small business entity, but you may pass the $6 million test
  • the rules dealing with liabilities relating to assets have been fixed.

Individual Session

Small business CGT concessions: They still are not easy to apply!

Author(s): Andrew Noolan CTA

Details

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Miscellaneous 2009

Share this page