2023 Capital Gains Tax (CGT)

Taking care of the CGT small business concessions

Source: QLD

Published Date: 24 May 2023


You can’t take care of SME businesses without also taking care of the CGT small business concessions. The generosity of these concessions are only offset by their generous complexity, with this session focussing on those areas still causing greatest concern for advisers including:

  • Grouping by connected entities and affiliates
  • Establishing the correct annual turnover and including the correct entities’ turnovers
  • When an asset is active enough
  • Timing and cash flow considerations for the basic conditions and the specific concessions; and
  • Discretionary trust specific considerations for establishing CGT concession stakeholders.

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2023 Capital Gains Tax (CGT)

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