The tainted capital gain rules have been the bane of accounting practices for decades when undertaking restructures, staged succession/business sales and property transactions and have resulted in what were expected to be tax-free capital gains becoming taxable to shareholders upon distribution. The rules for determining when a tainted capital gain arises changed with effect from 30 March 2017. The new two-stage test represents a significant change to the circumstances in which a tainted capital gain can arise.
This webinar will cover how the new Tainted Capital Gain rules work and consider the impact on historical capital gains that were tainted under the older rules. This webinar will have similar content to the session run in February.
This topic is relevant for anyone advising companies on restructures, staged succession/business sales and property transactions, and will focus on both the theory, and practical issues/solutions.
Understanding the new tainted capital gain rules.
Any one in public practice who acts for companies, plus corporate employees in accounting/tax roles.
13 September 2018
Scott Mason, Managing Partner - Tax Advisory, Crowe Horwath Australasia, TEO
1.25 CPD hours