This seminar paper discusses the disposal of interests in trusts and companies, the $5 threshold test and what is taken into account and how the test applies to various structures, what is an 'active asset': problems with leased/licensed assets, when is the 'controller test' satisfied and what happens if satisfied, what is a 'replacement asset' and how do you satisfy the replacement rollover, order in which concessions apply, particular problems with discretionary trusts, problems with multi-tiered structures.
maintenance