Life, Death and Taxes – Insights by Andrew Henshaw

GETTING THE SMALL BUSINESS CGT CONCESSIONS: WHEN IS A LIABILITY, A LIABILITY?

In the SME space, the small business CGT concessions are some of the most significant tax concessions available within the Australian tax system. If a taxpayer can use the small business CGT concessions, they can:

  • save tax (hundreds of thousands or millions of dollars);
  • internally restructure (e.g. for asset protection or estate planning reasons), without a massive tax impediment;
  • make special contributions to superannuation (up to $1.415M), which are not affected by the new superannuation limits that start on 1 July 2017.

Level 49, 360 Elizabeth Street,
Melbourne VIC 3000

Level 10, 580 George Street,
Sydney NSW 2000

Level 49, 360 Elizabeth Street,
Melbourne VIC 3000

Level 10, 580 George Street,
Sydney NSW 2000

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