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Live Webinars

Live Webinar: Small Business CGT Concessions: Navigating the Eligibility Conditions

The small business CGT concessions can be a very generous tool to reduce or completely eliminate a capital gain on certain assets, if basic eligibility conditions are met. Whilst the 1997 Tax Act defines the eligibility conditions as “basic”, this session explores the complexities

Date/Time

Thursday 13th March 2025
Vic, NSW, ACT, Tas: 1:30pm to 2:30pm
Qld: 12:30pm to 1:30pm
SA: 1pm to 2pm
NT: 12pm to 1pm
WA: 10:30am to 11:30am

About the Webinar

The small business CGT concessions can be a very generous tool to reduce or completely eliminate a capital gain on certain assets, if basic eligibility conditions are met. Whilst the 1997 Tax Act defines the eligibility conditions as “basic”, this session explores the complexities that can arise before you can actually get to the point of being eligible to choose which of the 4 CGT small business concessions can be applied, including:

  • How to determine if an entity is a CGT small business entity, including:
    • how “aggregated turnover” is calculated
    • how to determine which entities are “connected entities” and “affiliates” (TD 2023/D2)
    • the relevance of distributions from prior years when the “connected entity” is a discretionary trust
  • What to include and exclude for the maximum net asset value test, including:
    • whether the actual selling price of an asset is the value to use for the test (Miley v C of T [2019] AATA 5540)
    • which liabilities can reduce the value
    • how investment properties, holiday homes and financial instruments are treated
  • Managing the burden of proof for the maximum net asset value test
  • How the basic conditions are extended for passively held assets
  • When the basic conditions require identifying:
    • a CGT concession stakeholder
    • a small business participation percentage
  • Practical examples

Presented By

Paula Tallon
Tax Specialist, Salann Tax Sydney, NSW

Paula is an Australian and UK tax adviser and the founder of Salann, a specialist tax consultancy working with advisors and their clients to overcome tax challenges with practical and creative solutions.

Prior to founding Salann, Paula was a Director with Sydney based Prosperity Advisers Group. She has specialised in tax for over 25 years. Before moving to Australia in 2017 Paula was managing partner of Gabelle LLP, a specialist tax firm which she founded in 2011 and sold to Markel International in 2017. Prior to founding Gabelle, Paula was a tax partner with BDO in London.

Paula has particular expertise in advising family businesses and advises individuals, corporates, partnerships, and trustees, specifically in relation to property matters, business transactions and structuring conundrums.

Who Should Attend?

This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Certificate

Registered live webinar delegates will receive a CPD certificate for attendance at this webinar. Accountants can claim up to 1 CPD hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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