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Recorded Webinars

Recorded Webinar: Not All Assets are Eligible for the Small Business CGT Concessions – They Do Need to be "Active"

One of the basic conditions to be eligible for the CGT small business concessions is that the relevant asset satisfies the active asset test. This session takes a closer look at the complexities of this requirement, including: Assets that are specifically excluded from being ac
PRESENTED BY Andrea Carrick Director, SMSF Specialist Advisor - AG Tax Lawyers , Melbourne

About the Webinar

One of the basic conditions to be eligible for the CGT small business concessions is that the relevant asset satisfies the active asset test. This session takes a closer look at the complexities of this requirement, including:

  • Assets that are specifically excluded from being active assets
  • How assets are treated when their “main use” is to derive rent, including:
    • the treatment if a property is owned in a company (TD 2021/2)
    • how “rent” is defined for the active asset test (TD 2006/78)
    • how holiday homes, airbnbs and mixed use properties are treated
  • How is “main use” being interpreted for the active asset test?
  • The treatment of CGT assets owned by one entity and used by another related entity
  • The types of intangible assets that may be considered to be active assets
  • How the test applies to partnerships
  • Practical examples

Presented By

Andrea Carrick
Director, SMSF Specialist Advisor, AG Tax Lawyers Melbourne, Vic

Andrea, Director AG Tax, has over 18 years of experience advising SMEs and high net worth individuals in all areas of taxation including income tax, CGT, GST and state taxation matters. She advises both corporate and private family businesses across a wide range of industries, focusing on complex business restructuring, commercial transactions and estate and succession planning. Andrea also has a wealth of experience liaising and negotiating with the ATO and Revenue Offices on behalf of clients in audits, investigations, objections and private ruling applications.

Andrea has a keen focus on superannuation, particularly in respect of SMSFs. She has extensive experience advising SMSF trustees and their advisers in regulatory and compliance matters and maximising opportunities for members with the intersection of the Small Business CGT Concessions and Superannuation. Andrea recognises the value of practical advice and is passionate about making these complex areas of tax and superannuation user friendly and accessible.

Andrea is a regular presenter for the TEN The Education Network, Legalwise Seminars and CPA tax discussion groups.

Who Should Attend?

This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Registered live webinar delegates will receive a CPD certificate for attendance at this webinar. Accountants can claim up to 1 CPD hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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