Young Tax Professionals - Selling Assets

Your client now wishes to dispose of some capital assets including business assets and shares, however if they trigger a CGT event, then CGT may apply. There are common exemptions and basic conditions that advisers need to consider which may reduce the CGT incurred by the client. One of the most critical conditions is satisfying the $6 million net asset value test.

This session will cover some of the most common CGT events and possible exemptions and will introduce young advisers to some of the potential CGT issues, such as market valuation issues associated with determining the net asset value, including recent case laws that should be considered.