CGT & SMEs Webinar Series

Step by step guide to working through the small business CGT concessions

 

Tuesday 31 July 2018

Web 3: Applying the Concessions in Practice

Save 15% & book the series   

CGT & Small Business Webinar

A methodical & practical approach to the Small Business CGT Concessions
What prevents clients from accessing the concessions and the solutions
Maximising tax effectiveness and planning

 

The small business CGT concessions are very generous for those who meet the relevant conditions. However, the rules can also be very complex and difficult to apply in practice and claims made under the concessions are at a high risk of being reviewed by the ATO.

 

This 3-part series focuses on the key aspects of the small business CGT concessions in a methodical and practical way. Across the series we cover a wide range of issues including the problem areas that often prevent clients from accessing the concessions and the solutions that might make the difference, maximising the tax effectiveness of the concessions, planning opportunities for clients who are thinking of selling business assets, and preparing clients for a CGT audit.

 

Who should attend?

Ideal for senior accountants and above. 
Valuable to anyone who needs to grasp the pragmatic impact and application of the small business CGT concessions.    

 

Can't make the live session? Access to the recordings are available to all registrants for 3 months.

 

 

 Web 3 Ind    Web 3 Office

 

Register for the Series and save 15%!

Book all 3 webinars & save 15%

The webinars stand alone but booked together are a powerful tool
to help you manage the key CGT & SME challenges

 

Members, log into the member website for your discounted rate

 

The Grouping Rules & Other Essential Concepts

Recording

Before applying the basic conditions to access the small business CGT concessions, it’s important to work through the various grouping rules. Understanding these rules is vital as they can have a significant impact on whether an asset can pass the active asset test, whether a taxpayer can pass the $6m net asset value test, and whether a taxpayer can pass the $2m turnover test. 

 

We also explain the concepts of a significant individual and CGT concession stakeholder and what this means in practice. These are relevant whenever a company or trust wants to apply the retirement exemption or 15 year exemption or whenever a taxpayer is selling shares in a company or units in a trust. 

 

This webinar works through a series of practical issues accountants & advisers face:

 

  • The control rules that apply to companies, partnerships, fixed trusts and discretionary trusts;
  • What the courts have said recently about applying the control tests to discretionary trusts;
  • The special rules that can apply when the control percentage is between 40% and 50%;
  • How to determine whether an entity is an affiliate of another entity;
  • The special rules that apply to spouses and how this can make the difference between accessing the concessions and missing out altogether;
  • How to determine whether someone is a significant individual or CGT concession stakeholder of a company or trust; and
  • How different share classes can make life very difficult and what can be done about it.

 

 Web 1 Ind Rec

 

 

Applying the Concessions in Practice

Tuesday 31 July 2018

What happens after the basic conditions have been satisfied? This webinar works through the extra conditions that must be met to apply specific concessions and discusses strategies to maximise the tax outcome for clients. 

 

The rules contain strict requirements dealing with the extraction of capital proceeds from a company or trust that has made a capital gain. We address the practical issues that need to be considered and opportunities for extracting the funds in the most tax efficient manner. 

 

This webinar includes:

 

  • How to determine whether an event happens in connection with someone's retirement for the 15 year exemption;
  • What assets qualify as replacement assetsunder the small business rollover rules;
  • Options for dealing with the tax liability that might be triggered when the small business rollover expires;
  • The ATO's views on making in specie contributions of assets to superannuation in relation to the 15 year exemption and retirement exemption; and
  • Strategies that can be considered when clients are approaching age 55.
  • Utilising the lifetime CGT cap within the super contribution rules.

 

 Web 3 Ind

 

 

 

What you will need

You will need a computer with audio!!

 

Audio

Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.

 

Software 

Join the webinar 20 minutes prior to check that your computer systems allow you to download the GoToMeeting software.  
Or check your connection days before the webinar by going 
here

 

Webinar URL 

To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders sent they day before and on the day of the webinar - check your spam if you have not received and please contact us ASAP if you have lost.

 

Changing computers 

If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.

 

PC requirements

PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).

Our Presenter

Michael Carruthers

Tax Director, Knowledge Shop

Michael Carruthers Director Knowledge Shop

Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Hayes Knight group’s national tax committee. 

 

Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy. 

 

He is a member of the advisory panel for the Board of Taxation and was an expert panel member for the Board of Taxation’s review of tax impediments facing small business.

 

Linked In

Michael was the 2016 Thought Leader of the Year at the 2016 Accounting Awards

Register

Members please log in from the registration page or register through the member-only website.

More on membership

Terms & Conditions 
All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.