Small business CGT concessions - Part 1 + Part 2

Price (incl GST) - Full Year Series
Single price $257.00
Group price
(3-6 registrations)
$772.00

All delegates must be registered to be able to participate in training and to be eligible to receive qualifying CPD hours

Recording

  • Expiry Date: 11 November 2022
  • Duration: 180 minutes
  • Views: 3 views per purchase

The small business CGT concessions are arguably some of the most generous provisions in the ITAA. The concessions are targeted to small business and consist of:

  • the small business 15-year exemption;
  • the small business 50 per cent reduction;
  • the small business retirement exemption; and
  • the small business roll-over.

Depending on which concession (or concessions) applies, a taxpayer can defer, reduce or even disregard a capital gain.

In this two-part webinar series, we will go through the core rules and then dive deeper into each of the concessions.

Part 1 | Small business CGT concessions – Basic Rules

Part 1 works through the core rules, including the:

  • basic eligibility requirements, namely:
    • small business entity test;
    • maximum net asset value test; and
    • active asset test, and
    • additional conditions that must be satisfied where the relevant CGT asset is a share in a company or an interest in a trust;
  • additional conditions that must be satisfied where a CGT asset is held by an interposed entity;
  • special rules applicable to CGT assets that are owned by partners, or by a partnership; and
  • separate eligibility criteria that may need to be satisfied in order to access the various concessions.

Part 2 | Small business CGT concessions – Advanced

In Part two we take the small business concessions to the next level and explore tips, traps and various planning considerations.

Both sessions will have an interactive Q&A section to give participants an opportunity to ask questions to cement their understanding of the provisions.

Presenters

Leanne Saunders Leanne Saunders
Tax Trainer
TaxBanter

Lee-Ann Hayes Lee-Ann Hayes
Senior Tax Trainer
TaxBanter

Michael Bode Michael Bode
Senior Tax Trainer
TaxBanter