CGT small business concessions: active asset test - relevant business where taxpayer owns shares

Decision ATO ID 2003/715 (Withdrawn) Income Tax CGT small business concessions: active asset test - relevant business where taxpayer owns shares FOI status ... small business in Division 17A of the Income Tax Assessment Act 1936 (one of the predecessors of the small business CGT concessions

CGT small business concessions: active asset test - sale of former business premises - 'just before' the CGT event

Income Tax CGT small business concessions: active asset test - sale of former business premises - 'just before' the CGT event FOI status: may ... adviser. Issue Will the taxpayer's original business premises satisfy the active asset test in section 152-35 of the Income Tax

CGT small business concessions - retirement exemption - requirement to make ETP requires termination of employment

each of its CGT concession stakeholders, each time it receives an amount of capital proceeds from a CGT event for which ... the CGT concession stakeholders are continuing in both their employee and director capacities after the sale of the CGT asset. There

CGT small business concessions: active asset test - company liquidations and cancellation of shares - relevant business ceases

small business CGT concessions in Division 152 of the ITAA 1997 to apply, the CGT asset must satisfy the active asset test ... active assets just before the cessation of the business. To satisfy the active asset test, the shares must also be active assets

CGT small business concessions: active asset test - carbon sequestration right granted by landowner

Decision ATO ID 2004/391 (Withdrawn) Income Tax CGT small business concessions: active asset test - carbon sequestration right granted by landowner FOI status ... Active asset test Capital gains tax Carbon sequestration rights CGT discount CGT event D1-D3 - bringing into existence a CGT asset CGT

CGT: small business concessions - active asset test - deceased estate - period of ownership

Decision ATO ID 2004/531 (Withdrawn) Income Tax CGT: small business concessions - active asset test - deceased estate - period of ownership FOI status: may ... Keywords Capital gains tax Active asset test CGT asset CGT small business relief Basic conditions for relief Small business Deceased estate Business

Capital Gains Tax: small business concessions - small business CGT affiliate - permanently separated spouse

2004/538 (Withdrawn) Income Tax Capital Gains Tax: small business concessions - small business CGT affiliate - permanently separated spouse FOI status: may be released ... spouse' for the purpose of the definition of small business CGT affiliate in paragraph 152-25(1)(a) of the Income Tax

CGT small business concessions: active asset - discretionary trust - connected entity - beneficiary control test

2004/665 (Withdrawn) Income Tax CGT small business concessions: active asset - discretionary trust - connected entity - beneficiary control test FOI status: may be released ... beneficiary does not have any small business CGT affiliates and is not itself a small business CGT affiliate of the trust. That

Capital gains tax: Financial services reform regime - same owner rollover - Australian financial services licence - small business concessions - active asset test

the small business CGT concessions in Division 152 of the ITAA 1997 the AFS licence must satisfy the active asset test ... more than 15 years, the active asset test requires the asset to be an active asset at different times. Under subsection

Capital gains tax: small business CGT concessions - net asset test - control of discretionary trust - power to remove and appoint trustee

2004/698 (Withdrawn) Income tax Capital gains tax: small business CGT concessions - net asset test - control of discretionary trust - power to remove and ... for the small business CGT concessions a taxpayer must, among other things, satisfy the $5 million net asset test in section

CGT small business concessions: active asset - intangible asset used in a connected entity's business

the small business CGT concessions in Division 152 of the ITAA 1997 the goodwill must satisfy the active asset test, and accordingly ... active asset at certain times. Under subsection 152-40(1) of the ITAA 1997 a CGT asset is an active asset

Capital Gains Tax: small business concessions - active asset test - cessation of relevant business

small business CGT concessions in Division 152 of the ITAA 1997 to apply, the CGT asset must satisfy the active asset test ... Keywords Capital gains tax Active asset Active asset test Basic conditions for relief Cessation CGT small business relief Connected entity Business Line

Capital gains tax: small business concessions - disposal of shares in non-resident company

ITAA 1997 provides that an asset satisfies the active asset test if it was an active asset at a particular time and ... ITAA 1997 specifies when an asset is an active asset. Broadly an asset is an active asset if it is used

Capital Gains Tax: small business concessions - connected entities - control of discretionary trust with tax loss - nomination of controllers

active asset test. The active asset test generally requires the CGT asset to be an active asset just before the relevant CGT ... particular CGT asset is treated as an active asset for the purposes of qualifying for the small business CGT concessions, it would

Capital gains tax: Small business roll-over - car as a replacement asset

for the CGT discount, the small business 15-year exemption or the small business 50 per cent active asset reduction (subsections ... Capital gains tax Motor vehicles Small business roll-over CGT replacement asset roll-over Active asset test Business Line: Centres of Expertise

Non-concessional MIT income

existing assets and facilities and creation of any further proposed assets and/or facilities • changes to the business or business structure, and • new ... being available for use and suggests some activity with respect to the asset. That asset must also first exist

Income tax: consolidation: capital gains: if a subsidiary member of a consolidated group sells an asset which is taken for income tax purposes to have been disposed of by the head company, is the controlling individual condition in paragraphs 152-110(1)(c) or 152-305(2)(b) of the Income Tax Assessment Act 1997 applied to the head company of the consolidated group?

has made by applying the small business 15 year exemption or the small business retirement exemption. 5. An individual is a controlling ... the asset and made a capital gain. H Co wishes to treat the capital gain as exempt under the small business retirement

Income tax: capital gains: can the clause 'the relevant business ceased to be carried on' in subparagraph 152-35(a)(ii) of the Income Tax Assessment Act 1997 be satisfied in the case of a taxpayer who sold the business to another?

active asset test in section 152-35 of the ITAA 1997. 18. To satisfy the active asset test the CGT asset must ... References: active asset active asset test basic conditions for relief capital gains capital gains tax cessation CGT assets CGT small business relief

Income tax: capital gains: is a bank account or cash on hand included in the numerator of the '80% test' calculation in paragraph 152-40(3)(b) of the Income Tax Assessment Act 1997 ?

the active asset test in section 152-35 of the ITAA 1997. 8. A CGT asset is an active asset ... References: active asset active asset test basic conditions for relief capital gains capital gains tax CGT assets CGT small business relief financial

Income tax: capital gains: application of CGT event K6 (about pre-CGT shares and pre-CGT trust interests) in section 104-230 of the Income Tax Assessment Act 1997

Omitted.] Can small business CGT relief in Division 152 apply to a CGT event K6 capital gain? 179. Small business relief ... after the application of both the CGT discount in Division 115 and the small business concessions in Division 152. 186. Such