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Course
CGT: Strategies for SMEs
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Overview
Updated in November 2024, this learning manual is designed to address a range of complex Capital Gains Tax issues in key areas commonly encountered by small to medium sized enterprises (SMEs) and their advisers in practice.
This learning manual is technically comprehensive and commercially relevant with numerous real-life examples and detailed commentary showcasing how the application of CGT law can result in challenging and unexpected outcomes.
The key topics covered include:
- the eligibility for the CGT small business concessions
- analysis and application of the CGT small business concessions
- the separate CGT regime applicable to partnerships
- deceased estates and CGT
- trusts and CGT
- CGT rollover mechanisms for corporate entities
- small business restructure rollover relief provisions
What you'll learn
- determine the eligibility of an entity to access the small business Capital Gains Tax (CGT) concessions.
- determine when an asset will be regarded as an active asset.
- determine when the 15-year exemption can be applied to fully disregard a capital gain.
- apply the 50 per cent active asset reduction and examine its consequences and its interaction with other concessions.
- determine whether the CGT retirement exemption can be applied and how an exempt amount can be distributed by a company or trust to a CGT concession stakeholder.
- apply the CGT rules relating to deceased estates.
- calculate the capital gain or capital loss based on the CGT rules specific to partnership assets.
- calculate the capital gain or capital loss based on the CGT rules specific to trusts;
- apply CGT concessions, rollovers and reliefs to companies.
Who is this for ?
Tax professionals working in Public Practice, SMEs and corporate entities with responsibilities requiring detailed knowledge of the provisions of CGT.
Access period
365 daysFormat
Online - Self-pacedLanguage
EnglishCourse ID
136099624CPD/session
15 CPD hours
Members
AUD 440.00inc. GST
Non-members
AUD 770.00inc. GST