Recorded Webinar: Tax Basics for Junior Accountants - Accessing CGT Small Business Concessions

Understanding how to access the CGT small business concessions is a mainstay for tax practitioners.

This session provides practical case studies exploring the following issues:

• $10m turnover test:

  • Which entities have to be included in the aggregated test?

  • Options for calculating turnover

  • Winding up a business during the income year

• $6m maximum net asset value test:

  • Identifying excluded assets

  • What does net value include and exclude?

  • Valuation of partnership assets

  • When and how to value assets