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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

Apply the small business CGT concessions ... the right way

This course is free to financial advice IQ subscribers - click here.

This comprehensive course walks through the key aspects of the small business CGT concessions in a methodical and practical way. 

The small business CGT concessions are very generous for those who meet the relevant conditions. However, the rules can also be very complex and difficult to apply in practice and claims made under the concessions are at a high risk of being reviewed by the ATO. 

This course is an excellent, interactive training tool for anyone who needs to grasp the application and implications of the concessions.

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Accreditation: FAAA 30887
Total 4.5 CPD hours Tax (financial) Advice


Total 4.5 CPD Hours

What we'll cover
  • 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: $ 450.00 + 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

0Ethics
0Client care
4.5Tax (Financial) Advice
0Technical
0Regulatory

SMSF

0Super
0SMSF audit

Tax Accounting

0Tax (TIA)

General

0General
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