Tax Guide

CAPITAL GAIN TAX KEY ISSUE

There have been significant changes in the application and administration of Capital Gains Legislation that are complex and can, if not correctly applied, result in taxation being paid at levels in excess of ( or below ) that which may be appropriate.
Capital Gains Tax legislation requires the clear determination of what assets are captured and what Capital Gains “ Event “ has occurred and different timing and calculation rules apply to different “ events. “
It is also critical that advisers are able to clearly determine what circumstances trigger capital gains and what do not ( eg Share Trading and Property Investment ) as well as the future impact that can arise from the recommendations of various holding ( or ownership ) structures and the ability ( or inability ) to access the taxation concessions that may be available.

Matters

* What the Capital Gains Tax legislation actually sets out
* What assets are captured and the importance of “ holding periods “
* Which Capital Gains “ Event “ is applicable and the differences in treatment and outcomes between the “ Events “
* Impact of various Holding Structures for assets
* Implications for Investment Decisions
* Impact of Capital Gains Legislation on Deceased Estates
* Concessions available to small businesses

BENEFITS

As a result of the matters tax payer will be able to confidently identify, understand and apply the complexities of the Capital Gain Tax Legislation, and be able to provide appropriate advice and be able to recommend appropriate holding structures for capital assets.
A detailed understanding of the application of Capital Gains Legislation to the assets of Deceased Estates will be gained enabling participants to be comfortable with the accuracy of any advice provided by them in this area.
The concessions available to small businesses will be clearly set out and explained providing participants with a clear understanding of the availability and requirements for access

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