This paper has been prepared to provide information to tax practitioners and other interested parties on the recent changes to the taxation of capital gains made by trusts and beneficiaries. It may be useful as a summary/checklist of capital gains tax outcomes from the disposal of assets after certain dates on assets acquired by trusts prior to certain dates. It should also provide some basic guidance to the small business CGT relief that is available for the disposal of active (business) assets by trusts and for the disposal of interests in certain business trusts.
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