Nov 2021 Round Up - Small Business CGT Concessions Under Scrutiny

Small business CGT concessions, and their use by large private and wealthy groups, are under scrutiny.

Members, download the full November 2021 Tax Round Up (login first) from the member-only website. To see what Knowledge Shop membership offers, call the team on 1800 800 232 or take an online tour.

Inside this month Michael Carruthers (Tax Director, Knowledge Shop), Matthew Tse (Tax Adviser, Knowledge Sop), and Lisa Armstrong bring you:

• The ATO's issue with who has been accessing the small business CGT concessions. Letters have been sent to practitioners asking them to check the claims to ensure that they satisfy the conditions to access the concessions.
• The outcome of the ‘backpacker’ tax case before the High Court, and
• The new Practice Statement on remission of Super Guarantee Charge Part 7 penalties.

The Knowledge Shop membership can help you and your team keep ahead of change with an advisers' help desk, workpaper knowledge base, quarterly PD, and more - wherever you are and however you are working. Book in a time for a tour or call Clare on 1800 800 232.