Expertise

CGT

Capital Gains arises when a qualifying asset is disposed of. Seemingly straightforward. Some assets are disposed of over a period or by way of a series of payments. Other assets arise at various stages of a business’s journey.

The small business concessions are designed to ease the tax burden on taxpaying businesses at critical times of their business life.

Other “affairs of capital” include blackhole expenditure, depreciation expense; a plethora of opportunities and pitfalls.

How we help

New company was formed with various shareholdings including three individual owners of a 40% share. The intention was for this shareholding to receive various payments and entitlements over a period of five years until a completion payment was made. The advisor’s question was whether the arrangements were on capital or revenue account. DTC provided written advice.
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our CGT Specialists