Small Business CGT Concessions Web Series - Part 2
Master the complexities of the Small Business CGT Concessions with our practical 4-part webinar series. Learn how to navigate grouping rules, avoid common pitfalls, and unlock powerful tax planning opportunities for your clients
A methodical & practical approach to the concessions
Common problem areas and solutions
Maximising tax effectiveness and planning
The small business CGT concessions are very generous for those who meet the relevant conditions. However, the rules can also be 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 comprehensive 4-part Small Business CGT Concessions Web Series focuses on the key aspects of the small business CGT concessions in a methodical and practical way. Across the series we cover a wide range of issues including the problem areas that often prevent clients from accessing the concessions and the solutions that might make the difference, maximising the tax effectiveness of the concessions, planning opportunities for clients who are thinking of selling business assets, and navigating the interaction between these concessions and the lifetime CGT cap rules for superannuation contributions.
Session 2: Passing the basic conditions
There are a number of basic conditions that need to be satisfied in order to access the small business CGT concessions. Unless these conditions can be satisfied, clients cannot utilise the concessions to reduce their capital gains.
This is where a lot of mistakes are made and where the ATO often focuses its audit and review activities when assessing claims made under the small business CGT concessions.
The aim of this session is to ensure that practitioners are confident working through the various tests and understand the information that needs to be gathered and analysed as part of this process.
Dates & Details
Monday, 2 February 2026
Time
12:00pm - 1:15pm AEDT
11:30am SA
11:00am QLD
10:30am NT
9:00am WA
What we cover
- Understand how to apply the active asset test to assets that are used for mixed purposes;
- Determine whether shares in a company or units in a trust are active assets;
- Understand the extra tests that need to be met when dealing with shares in a company or units in a trust;
- Explain how to deal with connected entities and affiliates when applying the basic conditions;
- Identify assets and liabilities that need to be taken into account under the $6m net asset value test;
- Explain when the $2m turnover test can be used by a taxpayer holding passive assets; and
- Understand the CGT concession stakeholder test and 90% test.
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.
Online workshop
Small Business CGT Concessions Web Series - Part 2
02 February 2026 - 02 February 2026
Workshop
$131.82 + GST