MasterNuggets with Meng: Tackling Small Business CGT Issues

In this MasterNugget with Meng, learn how to navigate complex small business CGT issues for companies and trusts.

In this session, we cover:

• Basic Conditions for accessing small business CGT concessions (s 152-10)

  • Passively held assets (s 152-10(1A))

  • Affiliates and Connected Entities

  • Additional conditions for shares in a company:

    • Significant Individual

    • Concession Stakeholder

    • 90% SBPP test for interposed entities

    • Active Assets – 80% Test

• Specific Concessions:

  • 15 year exemption

  • Retirement exemption

  • Small business CGT rollover