Miscellaneous 2005

"What have you got" - is it still a pre-CGT asset?

Source: Victoria

Published Date: 20 Sep 2005

 

Sure, the asset was acquired more than 20 years ago, but is that enough to retain its pre-CGT exempt status?

This can be impacted by:

  • an evolving and expanding business from pre-CGT goodwill
  • capital improvements to pre-CGT properties and other assets and/or
  • changes in underlying ownership of pre-CGT assets owned through interposed entities
  • the implications of intervening restructures.

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Details

  • Published By: Keith James
  • Published On:20 Sep 2005
  • Took place at:Leonda by the Yarra, Hawthorn

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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