CGT Mini Series
CGT Fridays in August! Lock away 1 hour every Friday in August to refresh your knowledge of CGT Rollovers, CGT Business Concessions, CGT Main Residence Exemption and the Small Business Restructure Rollover. Understand the intricacies behind each concession, how they interact with each other, and how to maximise their benefits for your client. Book all 4 sessions for only $375.
Description
Attend and earn 4 CPD hours
FASEA CPD Categories
Estimated 4 CPD hours in Technical Competence
If you register for the full series as a live online product after the date of an individual session, you will be sent the recording for the sessions that have passed. Alternatively, you can register for individual sessions by following the links below.
Session 1
Friday, 7 August 2020
Examine how rollover relief applies when dealing with transfer of business assets and shares, destroyed property, and conversion of leasehold to freehold interests. Consider complex scenarios and comparisons of CGT rollovers with other available concessions.
10.30am to 11.30am: CGT Mini-Series: Standard Rollovers
- CGT rollovers dealing with transfers of business assets and shares
- When is CGT rollover relief available for capital gains that arise from destroyed property and conversion of leasehold to freehold interests?
- Comparison between CGT rollovers, small business CGT concessions and small business restructure roll-over
Presented by Linda Tapiolas, Partner, Cooper Grace Ward
Learning Objectives:
- Understand when CGT rollover relief is available
- Compare CGT rollovers with Small Business Restructure Rollover and small business CGT concessions
- Consider how rollover relief applies when dealing with transfers of business assets and shares
Register here for Session 1 only
Session 2
Friday, 14 August 2020
Gain an in-depth understanding of the conditions for relief, asset tests and exemptions, including ‘active’ tests and rules for non-SME owners, with practical scenarios and examples to apply to your clients.
10.30am to 11.30am: CGT Mini-Series: CGT Small Business Concessions
- Conditions for relief
- Maximum net asset value test, small business entity test and active assets
- CGT concession stakeholder test, 15 year full CGT exemption and 50% CGT active asset reduction
- CGT retirement exemption, CGT small business rollover, interaction of concessions and planning issues
Presented by Stuart Le Cornu, Partner, Fordham
Learning Objectives:
- Recognise the conditions which must be met in order to access any of the CGT Small Business concessions
- Examine the conditions for relief, asset tests and exemptions
- Understand how the CGT Small Business Concessions interacts with other concessions and exemptions
Register here for Session 2 only
Session 3
Friday, 21 August 2020
While the CGT Main Residence exemption is a significant tax concession, its provisions are deceptively complex. Examine the significance of ‘adjacent land’, impacts on death and inheritance, interactions with the maximum net asset value test, and critical issues for foreign residents, plus more. Use a single hour of your time wisely and ensure you obtain the best tax result for your client while avoiding losing significant tax benefits.
10.30am to 11.30am: CGT Mini-Series: CGT Main Residence Exemption
- Complexities of eligibility criteria and qualifications
- Significance of ‘adjacent land’ for primary producers
- Retaining the CGT main residence exemption when demolishing or subdividing the family home
- Interactions with the maximum net asset value test for the purposes of the small business CGT concessions
- Impacts on death and inheriting a dwelling from a deceased
- Navigating critical Issues for foreign residents
Presented by Greg Vale, Solicitor Director, Vale Legal; Accredited Specialist in Business and Personal Tax; Chartered Tax Adviser
Learning Objectives:
- Walk away with a thorough understanding of the complexities of the CGT Main Residence Exemption
- Consider how the MRE exemption interactions with small business CGT concessions
- Maximise the benefits of the MRE exemption and ensure you obtain the best tax result for your client
Register here for Session 3 only
Session 4
Friday, 28 August 2020
The SBRR relief provides a significant opportunity for SME taxpayers to restructure their affairs in order to achieve a variety of commercial outcomes, but a high degree of attention to detail is required in advising on, and implementing, any restructure under the relief. Dr Mark Pizzacalla was involved in the formulation of the SBRR provisions and sits on the Board of Taxation Review. He will explore key conditions to qualify for the relief, as well as intricacies with the concession, including discretionary trusts, anti avoidance, and asset taxing scenarios, safe harbours for genuine restructures and ultimate economic ownership.
10.30am to 11.30am: CGT Mini-Series: Navigating the Small Business Restructure Rollover
- Background & history
- Eligibility, key conditions for the rollover relief to apply
- How to structure transactions to qualify for the concession
- ‘Genuine restructure’ and safe harbours for ‘genuine restructures’
- Importance of ‘ultimate economic ownership’
- The concession for discretionary trusts
- The effect of rollover in relation to specific asset taxing scenarios
- Other provisions including anti avoidance
Presented by Dr Mark Pizzacalla, Partner, BDO; Member, Board of Taxation
Learning Objectives:
- Understand how to structure transactions to qualify for the Small Business Restructure Rollover
- Consider intricacies with the concession, including discretionary trusts, anti avoidance, and asset taxing scenarios
- Consider safe harbours for genuine restructures and ultimate economic ownership