A business may be entitled to four capital gains tax consequences, which apply to CGT events happening after 21st September 1999.
These are:
To qualify for the concessions, a taxpayer must satisfy the basic conditions as well as any specific conditions that apply, for the concessions. The following basic conditions must be satisfied in order to be eligible for the small business CGT concessions:
In order to receive advice on how these concessions work, please contact our business lawyers, Chris Wray on 8320 2951, or Brett Samuel on 8320 2957.
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