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Recorded Webinars

Recorded Webinar: Death and the Small Business CGT Concessions: Can the Benefits Live On?

The small business CGT concessions are up there as some of the more generous tax concessions available, if you're eligible. So, is it a case of “use them or lose them”, or is there still hope to obtain the benefits subsequent to the death of a person entwined in the eligibility cr
PRESENTED BY Linda Tapiolas Partner, Chartered Tax Adviser - Cooper Grace Ward , Brisbane

Date/Time

About the Webinar

The small business CGT concessions are up there as some of the more generous tax concessions available, if you're eligible. So, is it a case of “use them or lose them”, or is there still hope to obtain the benefits subsequent to the death of a person entwined in the eligibility criteria? This session explores further, including:

  • How a legal personal representative (LPR) or beneficiary of a deceased estate can benefit from the small business CGT concessions
  • Does it matter for the small business CGT concessions if the LPR decides not to continue a business before selling the CGT assets?
  • How the ATO apply time limits for active assets inherited from a deceased estate and the discretion for extending those limits
  • How the time limits of CGT event J2, J5 and J6 are impacted on death
  • How death impacts on the small business CGT concessions with regard to
    • the CGT 15 year exemption
    • the CGT retirement exemption
    • pre-CGT assets owned by the deceased
  • How death impacts on the small business CGT concessions if the CGT asset is:
    • business property held in a discretionary or unit trust
    • a share in a company or units in a unit trust
  • Pros and cons of triggering small business CGT concessions pre-death or via the will when intention is to transfer business to related party
  • Practical examples

Presented By

Linda Tapiolas
Partner, Chartered Tax Adviser, Cooper Grace Ward Brisbane, Qld

As a partner in Cooper Grace Ward’s commercial team, Linda specialises in providing tailored advice and support services to accountants, financial planners and other professional advisers.

Linda provides technical advice on complex tax, capital gains tax (CGT), Division 7A issues, and acting on business sales and acquisitions to ensure clients achieve commercial and tax effective outcomes.

Prior to joining Cooper Grace Ward, Linda worked as an accountant for 18 years, advising clients on capital gains, business acquisitions, and restructuring, providing her with a unique insight into her current clients’ business environment. She also regularly conducts seminars and training on topics including business structuring, CGT small business concessions and Division 7A issues.

Who Should Attend?

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

CPD Information

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, Jason Hooker on (03) 8601 7709 or email: [email protected]

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