Single Product

December 2018: Satisfying the basic conditions of the CGT Small Business Concessions – The New Rules

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Presented by Sean Pearce, this 90 minute tax training session took place in December 2018.

The CGT Small Business Concessions are the most generous, but also the most complex provisions facing your SME clients. The most difficult part of the rules is not the application of the four CGT Small Business concessions but working your way through the basic conditions that need to be satisfied BEFORE you can apply any of the concessions. Recent changes have made this process even more difficult for SME businesses.

The key points we will cover are:

  • The $6 million test – recent cases and new requirements for companies and trusts;
  • The SBE Test;
  • How to determine what entities are connected to the vendor;
  • The Active Asset test and the changes that apply to sales of shares and units from February 2018;
  • Issues to consider in determining who can benefit from the CGT concessions.

This download contains the following files:

The PowerPoint presentation (Microsoft Office 2010)

The Notes for the case study (PDF)

The solutions for the case study (PDF)

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