IQ Working with the Small Business CGT Concessions
Apply the small business CGT concessions ... the right way
Apply the small business CGT concessions ... the right way
This module is free to financial advice IQ CPD subscribers - click here.
Financial advisers often ask about the small business CGT concessions.
This comprehensive course walks you through the concessions, the issues and the complexities of the applying the concessions. And finally, how the proceeds flow.
A client’s ability to access the small business CGT concessions can significantly impact the way in which they manage the proceeds of the sale of business assets and their plans for those proceeds. While a financial adviser cannot (and should never be tempted to) give advice or an opinion on a client’s likelihood of accessing the concessions, planning is important. Access to the concessions can have a material impact on clients.
FPA accreditation pending for 4.5 CPD hours
Total 4.5 CPD Hours
- The key concepts and an overview of how the rules work
- The grouping rules - what you need to know before looking at whether a client can access the concessions.
- Special conditions for companies and trusts
- The basic conditions to access the concessions, how they apply and the order they apply.
- Active asset test
- Maximum net asset value test
- CGT concession stakeholders
- Other issues including deceased estates
- Applying the concessions
- 15 year exemption
- 50% active asset reduction
- Retirement exemption
- Rolliver relief
- Reducing risk
Michael Carruthers
Tax Director, Knowledge Shop
Michael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.
Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He was a long-term member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board’s review of small business concessions.
He was also an expert panel member for the Board’s review of tax impediments facing small business.
IQ Working with the Small Business CGT Concessions
Tax & Accounting
4.5 hours | 25 modules
Investment per person: $ 268.18 + GST
Team cost: $ 1,027.27 + GST
You can’t use team rate, please either signup or login to access team rates
CPD Hours: 4.5 hrs
FS
SMSF
Tax Accounting
General