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  Miscellaneous 2005

Dealing with pre-CGT assets

Source: Victoria

Published Date: 20 Sep 2005

 

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If the asset is still pre-CGT, does that mean all dealings with it are CGT exempt? This paper considers the impact of the following direct and indirect dealings with pre-CGT assets:

  • creating new interests in pre-CGT assets
  • disposals of pre-CGT shares in companies and units in unit trusts
  • implications of restructures and roll-overs
  • interaction with the CGT SME concessions; and/or impacts of death
  • proper accounting for pre-CGT capital profits reserves (particularly for companies re: liquidations outcomes)
  • restructuring and preserving pre-CGT status - CGT roll-overs (eg. different outcomes under scrip for scrip vs demergers).
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  • Published By: John Young CTA
  • Published On:20 Sep 2005
  • Took place at:Leonda by the Yarra, Hawthorn

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