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Recorded Webinars

Recorded Webinar: Small Business CGT Concessions in Succession Planning: Structuring the Smart Way

The transfer of business ownership from one generation to the next can be an extremely complex task. So, with the small business CGT (SBCGT) concessions on hand to provide such generous tax outcomes for the right situation, how can those concessions be utilized to assist with the
PRESENTED BY Linda Tapiolas Partner, Chartered Tax Adviser - Cooper Grace Ward , Brisbane

Date/Time

About the Webinar

The transfer of business ownership from one generation to the next can be an extremely complex task. So, with the small business CGT (SBCGT) concessions on hand to provide such generous tax outcomes for the right situation, how can those concessions be utilized to assist with the intergenerational transfer? This session investigates the topic, including:

  • How the SBCGT concessions can be applied to:
    • the transfer of shares in a company or units in a trust to the next generation
    • the transfer of business assets to a new entity
  • How the “market value substitution” rule can be utilized by the SBCGT concessions to provide a CGT cost base uplift
  • Can the SBCGT concessions be a benefit for a family business conducted in a discretionary trust that is looking at generational change?
  • Can change of business ownership affect future SBCGT concessions for business premises continued to be held in a separate family entity?
  • The pros and cons of utilising the SBCGT concessions for the transfer of business ownership to the next generation
  • Tips for planning for eligibility and use of the SBCGT concessions when generational transfer is on the horizon 
  • An intergenerational dairy farm whose owner was crying over spilt milk when his SBCGT concession eligibility went down the drain (VSVS v FCT (Taxation and Business) [2024] ARTA 249)
  • Case study

Presented By

Linda Tapiolas
Partner, Chartered Tax Adviser, Cooper Grace Ward Brisbane, Qld

As a partner in Cooper Grace Ward’s commercial team, Linda specialises in providing tailored advice and support services to accountants, financial planners and other professional advisers.

Linda provides technical advice on complex tax, capital gains tax (CGT), Division 7A issues, and acting on business sales and acquisitions to ensure clients achieve commercial and tax effective outcomes.

Prior to joining Cooper Grace Ward, Linda worked as an accountant for 18 years, advising clients on capital gains, business acquisitions, and restructuring, providing her with a unique insight into her current clients’ business environment. She also regularly conducts seminars and training on topics including business structuring, CGT small business concessions and Division 7A issues.

Who Should Attend?

This webinar is suitable for accountants and lawyers advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1.5 CPD hour. Lawyers can claim up to 1.5 CPD unit/point – substantive law. This webinar has been designed to run for 1.5 hours, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Jason Hooker on (03) 8601 7709 or email: [email protected]

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