This on-demand session is available to watch instantly after purchase at the time of your choosing and will expire within 12 Months of purchase.
Date recorded: May 2023
The small business CGT concessions are some of the most generous tax concessions available and can make a monumental difference in the after-tax proceeds available from the sale of a business or asset used in a business. Unfortunately – the provisions are also some of the most complex – with 50+ pages of legislation, case law and ATO rulings to consider.
Join Andrew Henshaw from Velocity Legal for an in-depth look at selected advanced issues.
This includes:
- Tricks and traps concerning the maximum net asset value test ($6 million test);
- When are trusts connected?
- When is real property an active asset?
- Selling shares – the 80% test;
- Applying the concessions to companies;
- An in-depth look at the 15-year exemption;
- Small business CGT concessions and deceased estates;
- Risks associated with dividend access shares;
Meet your Speaker; Andrew Henshaw
Andrew acts for a diverse range of private businesses, high net-wealth individuals and family groups. He specialises in business structuring, tax disputes and complex tax issues. Andrew has been a Director of Velocity Legal since the firm was founded in 2016 and was appointed Managing Director on 1 July 2021. He is passionate about leading by example, getting wins for his clients and solving difficult legal issues.
Andrew holds a Bachelor of Commerce and a Bachelor of Laws from Monash University, a Masters of Law from the University of Melbourne and is a Chartered Tax Advisor with the Tax Institute. He is an active contributor in the tax community, and frequently publishes his insights through his blog ‘Life, Death and Taxes’. Andrew is also a regular presenter, through forums including the Tax Institute, the Institute of Public Accountants, CPA Australia, the Television Education Network, Legalwise and TaxTalks.
