This course is designed to address a range of complex Capital Gains Tax (CGT) issues.
Overview
This product is specific to Australian Taxation
The Capital Gains Tax (CGT) – Advanced course is designed to address a range of complex Capital Gains Tax issues in key areas commonly encountered by small to medium sized enterprises (SMEs) and their advisers in practice.
This course is technically comprehensive and commercially relevant with numerous real-life examples and detailed commentary showcasing how the application of CGT law can result in challenging and unexpected outcomes.
The key areas covered include
- an analysis and application of the CGT small business concessions
- the separate CGT regime applicable to partnerships
- deceased estates
- trusts
- CGT rollover mechanisms for corporates
- small business restructure rollover relief provisions.
Also includes a range of comprehensive exercises designed to synthesise the material covered and demonstrate to learners the importance of a holistic consideration of CGT principles.
This course consists of one online course, a PDF learning manual and an online assessment Want to know more?
Click below to view a sample of the learning manual.
Objectives
- Determine the eligibility of an entity to access the small business Capital Gains Tax (CGT) concessions
- Determine when an asset will be regarded as an active asset
- Determine when the 15-year exemption can be applied to fully disregard a capital gain
- Apply the 50 per cent active asset reduction and examine its consequences and its interaction with other concessions
- Determine whether the CGT retirement exemption can be applied and how an exempt amount can be distributed by a company or trust to a CGT concession stakeholder
- Apply the CGT rules relating to deceased estates
- Calculate the capital gain or capital loss based on the CGT rules specific to partnership assets
- Calculate the capital gain or capital loss based on the CGT rules specific to trusts
- Apply CGT concessions, rollovers and reliefs to companies
Audience
This course is suitable for tax professionals working in Public Practice, SMEs and corporate entities with responsibilities requiring detailed knowledge of the provisions of CGT.