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

By Andrew Henshaw, Director, Velocity Legal

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.

Insight Authors…

ANDREW HENSHAW

Director

Andrew leads Velocity Legal’s Sydney practice.

If you are in a fight with the ATO or looking to restructure your business, you should have Andrew in your corner. Andrew is passionate about getting wins for his clients, solving difficult legal issues, and giving his clients clear and confident guidance. Andrew is a Chartered Tax Advisor, holds a Masters of Law from the University of Melbourne and is the author of ‘Life, Death and Taxes’. Andrew is also a passionate snowboarder and is always up for the next adventure in life.

0421 219 553  •  DOWNLOAD VCARD  •  READ ALL OF ANDREW'S ARTICLES

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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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