Maillot Stanley N'Soki

This topic contains 0 replies, has 1 voice, and was last updated by Profile photo of bears123 bears123 10 months, 1 week ago.

  • Author
  • #8267
    Profile photo of bears123 bears123 

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

    This test will be satisfied Maillot Stanley N’Soki , if just before the CGT event, the total of the following does not exceed $6 million

    * the net value of the CGT assets of the taxpayer ;
    * the net value of the CGT assets of any ‘connected entities’ of the taxpayer; and
    * the net value of the CGT assets of any ‘affiliates’ of the taxpayer , or ‘connected entities’ of the taxpayer’s affiliates.

    When determining whether this test has been satisfied the taxpayer can however exclude certain assets. These include

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.


We're not around right now. But you can send us an email and we'll get back to you, asap.


©2020 One Life Ovation, All Rights Reserved. Managed by Great Scott Sites

Log in with your credentials


Forgot your details?