CGT Concessions: are you in or out?

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Running Time: 8:04

Date: 01/11/2014

Small Business CGT concessions are generous and could save your clients heaps when it comes to selling their business - but they're complicated.

If you have clients considering selling their business, now is the time to start thinking about whether their business will fall within the asset and turnover requirements of the Small Business CGT concessions. Because, according to tax expert Michael Jones, they can save a truck load of tax if they do. The concessions are designed to be generous, but Michael warns they are also very complex!

For example, valuations are based on an arbitrary line which can lead to an all or nothing situation. Michael provides tips to help your clients understand where they might stand with the concessions, and what they can do to make the most of them.