What are the Small Business CGT Concessions? The small business capital gains tax (CGT) concessions allow exemptions and or deferrals of CGT liabilities when businesses (or other active assets) are disposed of or restructured by a taxpayer.  They are established under Division 152 of the Income Tax Assessment Act 1997 (Cth).  The concessions should not be …

This article was written by Anthony Snooks, and published within the category: Articles.

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  Background Sometimes the best illustration of how things should work properly is when the very thing that should be working ceases to work at all.  Nowhere is this more evident than in business succession planning and the use of shareholder or unitholder agreements to undo an ill-considered or rushed buy in.  Sometimes a failure …

This article was written by Anthony Snooks, and published within the category: Articles.

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