The small business CGT concessions are extremely generous for those clients who can access them. We are seeing an increase in the ATO’s focus on those clients who claim the small business CGT concessions. Therefore it is imperative that advisers understand the eligibility requirements and how the concessions are applied correctly.

In this session Linda will cover:

• Satisfying the small business entity test or net market value test
• issues with the active asset test when assets are held in separate entities to the operating entity
• additional tests required when the CGT event happens in relation to shares or units
• issues when applying the concessions.