Small business CGT concessions
Join us for a two-part special presentation.
The small business CGT concessions are generous, with some instances a capital gain being completely tax free.
Assessing eligibility can be tricky. To be confident our clients maximise access to the concessions, a solid understanding of the provisions is essential.
What will be covered
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.
Facilitated on 16 September 2021 |
Package includes recording
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.
This session includes a Q&A at the conclusion for maximum understanding.
11 November 2021 | 1pm AEDT
BSc, MTAX, Dip FS, CTA
Senior Tax Trainer
Leanne has over 25 years of experience in the tax profession. Prior to becoming a tax trainer, Leanne was a specialist tax consultant, providing advice to a diverse range of clients on a wide variety of tax issues. She commenced her career in the Big 4 environment in Sydney before moving to the Gold Coast, where she managed the tax consulting division of a large second-tier firm.
Since joining TaxBanter, Leanne has provided tax training to the Big 4, mid-tier and small accounting practices, commercial accountants, and the Australian Taxation Office. Her entertaining style and her ability to communicate complex technical information in an easy to understand manner ensure that she is a highly sought after trainer.
BEc, LL.B, CA
Senior Tax Trainer
Michael has over 20 years’ experience in public practice with Chartered firms including 6 years at Deloitte in tax advisory, 3 years as lead tax advisor for a large financial planning firm and 3 years as head of the national tax consulting division at Prosperity Advisers. Prior to this Michael worked in business services in mid-sized Chartered practices. Having commenced with legal training and practice he gravitated naturally to his love of tax law, advice and team training.
Michael has a broad range of experience covering tax issues and practical compliance for individuals, small business, listed companies and multinationals across a wide spectrum of industries. His extensive work managing tax controversy matters and government submissions, coupled with his business service experience and passion for tax law allows him to provide significant colour and context to his training.
BBus (Accounting), CPA
Senior Tax Trainer
Lee-Ann brings over 19 years of tax training experience and is well regarded as an enthusiastic, approachable and engaging presenter. Her strong tax technical knowledge was developed at the Australian Taxation Office, where she held various technical, audit and training roles. Lee-Ann’s passion for tax training began in 2001 after joining Webb Martin Training and continues on at TaxBanter. From this time, Lee-Ann has continued delivering tax technical training sessions for various providers, including boutique training organisations and professional associations.
Lee-Ann’s strong technical knowledge and enthusiastic training style ensures that all participants, from the graduate to the partner, receive maximum value from each training session.
Part I: Basic rules
Recorded on 16 September 2021
Part II: Advanced
11 November 2021 - 1pm AEDT
Purchase the package
Can't attend live? All registrants receive the recording post session.