Miscellaneous 2009

Small business CGT concessions: They still are not easy to apply paper!

Source: New South Wales

Published Date: 28 Jul 2009

 

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This paper addresses what has recently changed and what you need to consider when structuring for and trying to access the concessions, including that:

  • rollovers to superannuation are now available after the 2-year rollover concession
  • your spouse is not usually your affiliate - but for some purposes is (this is relevant to the active asset and other threshold tests)
  • you cannot carry on a business as a partner and so be a small business entity, but you may pass the $6 million test
  • the rules dealing with liabilities relating to assets have been fixed.

Individual Session

Small business CGT concessions: They still are not easy to apply!

Author(s): Andrew Noolan

Details

  • Published By: Andrew Noolan
  • Published On:28 Jul 2009
  • Took place at:Swissotel, Sydney

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 2009

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