Practical Issues with the Application of the Small Business CGT Concessions
Overview
A guide to practical issues with the implementation of the CGT concessions and their tax/accounting treatment.
The small business CGT concessions are an invaluable tool that help many small business owners. But how many people really understand the practical issues that come with using them?
This webinar aims to provide attendees with a detailed overview of the practical aspects of the small business CGT concessions. Packed with examples drawn from real life situations, the webinar will do more than simply restate the rules; it will bring them to life through showing the practical steps that taxpayers and their advisers need to take to make the CGT concessions work for them.
Amongst the topics to be covered:
- What assets and liabilities are included in the MNAV test?
- Valuation of shares included in the MNAV test
- Affiliates/connected entities
- The order in which concessions are to be applied
- Accounting for the small business CGT concessions
- Tax treatment of the small business CGT concessions when flowing from companies, trusts, etc to individuals
- Tax planning using the small business rollover – turning a deferral into an exemption
- Using the concessions to get money into super
Learning Outcomes:
Attendees can expect to complete the webinar with a detailed understanding of the small business CGT concessions so as to produce the best tax outcome whilst minimising the risk of ATO review or audit.
Suited to:
This webinar is suited to all accountants and tax practitioners with small businesses and their owners amongst the client base.
You will also be provided with:
- PowerPoint Slide Deck
- Searchable Transcript
- Any Supporting Documentation
- Webinar Recording to view multiple times for up to 6 months
- Q&A Session & follow up contact details
- CPD Quiz & Certificate
Course syllabus
3 lessons
- Video – Practical Issues with the Application of the Small Business CGT ConcessionsVideo
- FeedbackSurvey
- Knowledge QuizTest
Your presenter
Mark Chapman – Director of Tax Communications with H&R Block Australia.H&R Block
Mark Chapman – Director of Tax Communications with H&R Block Australia.
Mark is the author of Life and Taxes: A Look At Life Through Tax and has recently edited and updated the second edition of Australian Practical Tax Examples, published in September 2019, both published by Wolters Kluwer CCH Australia.
He has over 25 years experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.
Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director.