Miscellaneous 2005

Division 152 - small business CGT concessions - some of the complexities explained

Source: National

Published Date: 18 Mar 2005

 

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This paper contains consideration of and case studies illustrating Div 152 including:

  • what is necessary to satisfy the basic conditions for relief
  • timing of the $5m net asset value tests
  • the excluded assets and the importance of superannuation
  • what are connected entities?
  • the ATO's views on the control of trusts
  • common pitfalls in the family business context.

This paper was also presented on 15 October 2005 by Chris Evans at the Tasmanian State Convention held in St Helens.

Individual Session

Division 152 - the small business concessions - some of the complexities explained

Author(s): Susan Young

Details

  • Published By: Susan Young
  • Published On:18 Mar 2005
  • Took place at:Perth Convention Exhibition Centre, WA

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced 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.

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

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

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Miscellaneous 2005

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