Empower Your Quest: CGT Concession in Small Business
You are considered a CGT Concession Stakeholder in a company or trust if you are:
- A significant individual in that company or trust.
- The spouse of a significant individual and have a small but more than zero percent stake in the company or trust.
You can own this stake either directly or through other entities. To calculate your stake, use the same method as the significant individual test.
You’re a significant individual in a company or trust if you own at least 20% of it. This 20% can include both your direct ownership and indirect ownership through other entities.
Special Note – A spouse of a significant individual must have a participation percentage greater than zero in the business entity.
General Advice Warning
The material on this page and on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained on this page and on this website is General Advice and does not take into account any person’s particular investment objectives, financial situation and particular needs.
Before making an investment decision based on this advice you should consider, with or without the assistance of a securities adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. In addition, the examples provided on this page and on this website are for illustrative purposes only.
Although every effort has been made to verify the accuracy of the information contained on this page and on our website, Investax Group, its officers, representatives, employees and agents disclaim all liability [except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this website or any loss or damage suffered by any person directly or indirectly through relying on this information.
