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  2024 Capital Gains Tax (CGT)

Pre-CGT assets – Could you be facing a capital gain

Published Date: 11 Sep 2024

 

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When dealing with CGT assets including shares and trust interests, the mere fact that they were acquired before 20 September 1985 does not mean that CGT can be ignored. Using case studies, this session highlights the issues that need to be considered when dealing with “pre-CGT” assets including a detailed (and practical) consideration of:

  • CGT Event K6 – The reality of performing the 75% calculation for modern day (multitier) ownership structures and balance sheets 
    • Situations where CGT Event K6 does not apply; and
    • Issues which arise when calculating the capital gain
  • Division 149
    • How to manage share restructures
    • Impact of discretionary and other trusts within ownership structures; and
    • How to manage share restructures.
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2024 Capital Gains Tax (CGT)

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