Because of the concessional treatment that is available to active assets under the small business capital gains tax concessions in Australia under our current tax provisions, particular importance and consideration needs to be given to the type of entity that should house the particular capital assets
Some important factors are:
- Is the asset commercial real property which may qualify for the small business capital gains tax
concessions if it was ever to be sold.
- Is the asset Goodwill which may qualify for the small business capital gains tax concessions if it was
ever to be sold.
- Is the asset a residential property which will qualify for the principal place of residence exemption.
- Is the asset Intellectual Property not eligible for the research and development allowance.
Contact us today to learn more about how you and your family group might be affected by Capital Gains