CGT Concessions and the Difficulties for Shares and Unit Trust Interests

When selling a business, it is always important to determine whether or not a seller can qualify for the small business CGT concessions. The potential benefit of this is to either exempt, reduce or defer the tax implications of a capital gain made on the sale. When examining the small business CGT provisions, there is […]

Can I have two PPR?

Capital Gains Tax (“CGT”) applies to the capital gain made when any capital asset is sold by a taxpayer, including land and buildings. In simple terms, the capital gain is the difference between the sales price (net of selling costs) and the cost price (plus stamp duty, legals and the costs of acquisition). You can […]

Basics of Family Trust Elections

Most practitioners have heard of family trust elections, and some may have made family trust elections to err on the side of caution.  However, in many cases, a clear explanation of the reasons for making a family trust election is not readily available.  This article aims to provide a practical explanation of the main situations […]

Renting your Principal Place of Residence

There are various reasons why you might consider vacating and renting out your home for a limited time. You might want to take an extended holiday and feel more comfortable if someone is living there and paying rent. You may have an additional property, a holiday house for instance, and a change of pace that […]

Small Business Tax Concessions – Basics

In addition to the capital gains tax (“CGT“) exemptions and rollovers available more widely, there are four concessions that allow you to disregard or defer some or all of a capital gain from an active asset used in a small business: 15-year exemption – If your business has continuously owned an active asset for 15 years […]

Basic Trust Tax

Income tax and capital gains tax issues Because a trust is not a person, its income is not taxed like that of an individual or company unless it is a corporate, public or trading trusts as defined in the Income Tax Assessment Act 1936 (Cth). In essence the tax treatment of the trust income depends […]

Basics of trusts

What is a trust? This is probably the most misunderstood aspect of trusts. A frequently held, but erroneous view, is that a trust is a legal entity or person, like a company or an individual. A trust is not a separate legal entity or person at all – it is essentially a relationship that is […]

Welcome to C&D Restructure

The team at C&D would like to welcome you to our website. Whilst the name is new the business remains the same. Lead by Craig Dangar, we continue to offer comprehensive support for our professional partners.