Business consulting
Related party premises leases
When applying the Small Business CGT Concessions, one of the threshold tests is firstly determining whether the asset being disposed of is an active asset. Pursuant to section 152-40 of the ITAA97, properties used mainly to derive rent are not classified as active assets unless the property is being used in the business of a connected entity or an affiliate of the taxpayer.
Business consulting
Going concern on the business premises
Division 38-J of the GST Act provides that the supply of a going concern is…
Estate planning
Distributing to a deceased estate
Section 99A of the Income Tax Assessment Act 1936 results in certain types of undistributed…