CGT small business concessions – the devil in the detail!

$150.00 +GST

The CGT Small Business Concessions allow you to reduce, disregard or defer some or all of a capital gain from an ‘active asset’ used in a small business. The concessions include:

  • 15-year exemption
  • 50% active asset reduction
  • retirement exemption
  • small business roll-over.

However, there are eligibility requirements and procedures that must be satisfied across all the concessions, as well as those that apply to a particular concession.

In this 90-minute webinar, guest presenter Rob Power will cover the following…

Basic conditions to satisfy:

  • $6 million net asset value test
  • CGT small business entity
  • Passively held assets
  • Connected entities & affiliates
  • Active asset test

Additional conditions where shares/trust interests sold:

  • CGT concession stakeholder requirement
  • Object entity conditions
    • $6 million net asset value test
    • CGT small business entity
    • Modified active asset test

Outline of available concessions

Issues to be aware of:

  • Discretionary trusts with losses
    • Can a significant individual be identified?
  • Mixed use assets
  • Rentals and Air BnB
  • Assets used for storage
  • Extracting active asset reduction from companies and trusts
  • Market valuations- are they accurate?
  • Look through earnout rights
  • Impact of death

Presented by

Rob Power
Owner and Director
RBP Tax Advisory
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