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Dealing with Pre-CGT Assets Webinar

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Identify the opportunities and key risk areas

When tax has to be paid on pre-CGT assets
When assets stop being treated as pre-CGT assets
Opportunities to extract profits on sale of pre-CGT assets in a tax efficient manner

A Live Instructor Led Webinar

Clients who dispose of pre-CGT assets often assume that they don’t have to pay any tax. However, this is not always the case and there are complex provisions that can be triggered when dealing with pre-CGT assets.

The Dealing with Pre-CGT Assets Webinar looks at the key risk areas when dealing with pre-CGT assets, the situations where clients can potentially be exposed to tax and how to calculate the tax liability.

We also look at opportunities that might be available for clients to extract profits from the sale of pre-CGT assets from a company or trust in a tax efficient manner.

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AU $195 members
AU $235 non-members

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Register Team*

AU $520 members
AU $595 non-members

Register Team*

Knowledge Shop members, login for the discounted rate.

Total 1.25 CPD Hours

Details

Recorded: 15 June 2023

FAAA accredited for 1.25 CPD hours (30928)

  • 0.75 Tax (financial) advice
  • 0.5 Technical competence

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 20 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

This practical webinar covers:

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • When pre-CGT assets held by a company or trust cease to be treated as pre-CGT assets and how to calculate the capital gain or loss
  • When improvements to property are treated as post-CGT assets and can trigger tax liabilities for clients
  • Opportunities to extract profits from the sale of pre-CGT assets from a company or trust in a tax efficient manner
  • What happens when someone dies while holding pre-CGT assets
  • Opportunities for preserving the pre-CGT status of assets using rollover provisions
  • When clients can be taxed on the sale of pre-CGT shares in a company or pre-CGT units in a trust

Our presenter

Tax Director, Knowledge Shop

Michael Carruthers

Michael CarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions.

He was also an expert panel member for the Board’s review of tax impediments facing small business.