Article topic archives: sydney tax accountant

Posted on 29th October, 2011 in Capital Gains Tax, Taxation.

Small Business CGT Concessions and Assets Test

If your client is a small business entity and their turnover is less than $2m then you do not need to consider the maximum net asset value test.  However if they do not meet the definition of a small business entity then they must satisfy the maximum net asset value test which is currently $6 [...]