Acccurium education
   <  Back to Accurium

Small business CGT concessions: Passing the Basic Conditions

Recorded live 14 Mar 2025
Tax concepts

$190.91 +GST

Audience

This training is recommended for:

  • Accountants working in public practice
  • All practitioners working with tax
Audience

Learning outcomes

On completion, participants will be able to:

  • Get comfortable working through the various tests to know what information needs to be gathered and analysed
Learning outcomes

Relevancy

This webinar was presented live 14/03/2025.

Relevancy

CPD hours

If claiming CPD hours, this course provides 1.25 Legislated CPD hours, the breakdown is as follows:

  • Tax (financial) advice: 1.25 CPD hours
CPD hours

A number of basic conditions need to be satisfied in order to access the small business CGT concessions. Unless these conditions can be satisfied, clients cannot utilise the concessions to reduce their capital gains.

This is where a lot of mistakes are made and where the ATO often focuses its audit and review activities when assessing claims made under the small business CGT concessions.

The aim of this webinar is to ensure that practitioners are comfortable working through the various tests to know what information needs to be gathered and analysed.

Some of the specific issues we explore include:

  • Applying the active asset test to assets that are used for mixed purposes;
  • Determining whether shares in a company or units in a trust are active assets;
  • The extra tests that need to be met when dealing with shares in a company or units in a trust;
  • Dealing with connected entities and affiliates when applying the basic conditions;
  • What assets and liabilities need to be taken into account under the $6m net asset value test;
  • When the $2m turnover test can be used by a taxpayer holding passive assets; and
  • The CGT concession stakeholder test and 90% test explained in plain English.

 

Registration to this event includes:

  • 1.25 hour (est.) on-demand event
  • 3 month access to Q&A embedded webinar recording after purchase
  • Reference notes

Presented by

Michael Carruthers
Tax Director
Knowledge Shop

This webinar is presented by our partners at Knowledge Shop.

Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The General Terms and Conditions can be accessed here.