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 specialises in difficult tax disputes and complex tax advice. He is passionate about getting wins for his clients, solving difficult legal issues and giving clear practical advice.

Andrew acts for a diverse range of private businesses, high net-wealth individuals and family groups. Andrew has been a Director of Velocity Legal since the firm was founded in 2016, and established Velocity Legal’s Sydney practice in 2019.

0421 219 553  •  VIEW DETAILED PROFILE  •  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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