This session provided practical tips and tricks for planning your small business CGT concessions, with a focus on:
- Payment of CGT exempt amounts: Dividend, capital distribution or non-deductible expense
- Is the liability “related” to the CGT asset for $6M MNAVT
- Aggregated turnover: What income is derived from carrying on business and what income can be excluded
- Extracting the proceeds of sale from unit trusts and companies tax effectively
- Tips and traps; and
- War stories.