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Recorded Webinars
Recorded Webinar: Small Business CGT Concessions: Can Your Clients Still Qualify?
The small business CGT concessions continue to be an area where practitioners experience difficulty in correctly applying the rules. The amendments introduced in Treasury Laws Amendment (Tax Integrity and Other Measures) Act 2018 and the Federal Court decision in FCT v Eichmann [
PRESENTED BY
Dung Lam
Team Leader – Tax, Argyle
Date/Time
About the Webinar
The small business CGT concessions continue to be an area where practitioners experience difficulty in correctly applying the rules. The amendments introduced in Treasury Laws Amendment (Tax Integrity and Other Measures) Act 2018 and the Federal Court decision in FCT v Eichmann [2019] FCA 2155 (which has been overturned on appeal by the Full Federal Court in Eichmann v Commissioner of Taxation [2020] FCAFC 155) have only added to the confusion and frustration experienced by advisers. This session examines those areas likely to trip you up and prevent your clients qualifying for the concessions:
- Overview of the integrity measures and their impact on sales of shares or units
- Practically applying the ‘’new” active asset test to sales of shares or units
- Structuring tips to preserve access to the concessions
- Case studies examining the application of the small business CGT concessions where trusts and company structures are involved
- Revisiting the $6m net asset value test and the concept of “market value” following the AAT decision in Miley and FCT [2019] AATA 5540
- Examining recent thinking concerning what is an active asset and a business including the Eichmann case
Presented By
Dung Lam
Team Leader – Tax, ArgyleWho Should Attend?
This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.
CPD Information
Accountants can claim up to 1.25 CPD/Training hours. FASEA – category “Technical Competence” – 1.25 hours. This webinar has been designed to run for 1.25 hours, however, webinar lengths can vary depending on the level of questions and discussion.
Enquiries/Assistance
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]