The lack of investment opportunities for those with funds; The economic effect of the CGT; Comments of Richard Gelski the president of the Taxation Institute; The Federal Government extending the CGT small-business rollover to shares; The problems in wanting CGT retirement exemption under current ...
Deals with the basic conditions required for small businesses to qualify for any capital-gains tax (CGT) concessions. Conditions for a 15-year exemption from CGT; How to qualify for a 50 percent reduction in CGT; Availability of the retirement exemption; How the small business asset rollover ...
There are four separate concessions potentially available to Australian taxpayers, namely, the 15 year exemption in Subdiv 152-B of the Income Tax Assessment Act 1997 (Cth), the 50 per cent reduction in Subdiv 152-C, the retirement exemption in Subdiv 152-D and the rollover in Subdiv 152-E...
The four main small business concessions include: 15-year exemption; 50 percent active asset reduction; retirement exemption; and small business rollover. Also presented are brief descriptions of each concessions, as well as strategy considerations.Gleeson...