NET ASSET VALUE TEST

A crucial aspect of Small Business CGT concessions is the requirement to meet the basic conditions.

In particular the Maximum net asset value test.  That is, the total net value of the CGT assets owned by you and certain entities does not exceed $6 million just before the CGT event.  The limit is not indexed for inflation.

Have you prepared an Assets & Liabilities statement?  Are you aware of the Small Business CGT concessions and are you eligible?

Assess and review your Assets & Liabilities statement.  Speak to the relevant agent / authority and seek appraisals on the value of your assets.

We can assist and provide some light on whether the Small Business CGT Concessions apply to your family group portfolio and whether there is a restructure opportunity.