The small business CGT concessions and the small business restructure rollovers (for both tax and duty) provide eligible taxpayers with a fantastic ability to access concessional tax outcomes.
This session focuses on conditions for accessing both concessions in the context of a business restructure via a number of practical examples, including:
- Accessing the small business CGT concessions where the assets sold are shares in a company (and a previous restructure was undertaken), including the active asset test as it relates to shares in a company
- Tips and traps in accessing the small business restructure rollover; and
- Criteria for accessing the Queensland duty exemption for small business restructures to manage duty costs associated with the restructure.