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  2012

Small business CGT concessions - Practical issues

Source: Victoria

Published Date: 30 Aug 2012

 
  • The ATO continues to successfully challenge many taxpayers' claims for the small business CGT concessions. Using a number of practical case studies based on real life situations Rob Warnock, CTA, highlighted the main issues that tax advisers need to be aware of for their clients' dealings in this complex area:
  • Satisfying the $6m MNAV test
  • How to prove 'market value' is less than sale price
  • Capturing all allowed liabilities - recent cases
  • Including all connected entities
  • Required trust distributions to ensure the 90% and other tests are satisfied
  • What constitutes 'retirement'
  • Small business rollover planning tips
  • Retirement exemption conditions issue.

Small business CGT concessions - Practical issues

Author(s): Robert Warnock
Materials from this session:

Details

  • Published On:30 Aug 2012
  • Took place at:Leonda by the Yarra, Melbourne

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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