CGT Handbook Newsletter

CGT Newsletter 2009/10 - Issue 2

December 2009

Roll-over relief:  irrigators and operators Managed investment trusts No new trust fund Cancellation of rollover benefit under Part IVA Scrip-for-scrip rollover relief No objection decision Trust cloning CGT small business relief Discount concession Taker in default: CGT event E8 Dividend as part of capital proceeds Dual listed companies Appointment of statutory trustees for sale Main residence exemption CGT STATUS REPORT

CGT Newsletter 2009/10 - Issue 1

September 2009

Trust cloning: exposure draft legislation Connected entity: partnership Small business relief amendments Assets used solely for personal use and enjoyment Foreign resident: leasehold interest in land Cost base of shares Disposal of capital interest in trust: CGT event E8 Exercise of put option: market value substitution rule Temporary resident acting as trustee CGT event E1: creating a trust Demutualisation of friendly societies Pre-CGT double tax agreements Extension of capital loss roll-over for complying super fund mergers CGT: limited roll-over for fixed trusts Special disability trusts: main residence exemption Artificial creation of capital losses CGT STATUS REPORT

CGT Newsletter 2008/09 - Issue 3	April 2009
CGT small business reliefs Tax benefits and CGT Transformation of water rights Optional loss roll-over: complying super funds "Trust cloning" abolished Losses and CGT Sub-committee minutes Cost base of shares Payment by vendor to cancel contract Main residence exemption Foreign residents - staggered sell down arrangements Foreign residents - asset valuations CGT STATUS REPORT

CGT Newsletter 2008/09 - Issue 2	Oct 2008
CGT small business reliefs: exposure draft legislation CGT small business reliefs: control of discretionary trust Amended assessment out of time Shares issued for assets Pre-CGT double tax treaties  “Beneficiary”: CGT events E1 and E2 Draft subcommittee minutes Same-sex relationship amendments Demutualisation of friendly societies CGT STATUS REPORT

CGT Newsletter 2008/09 - Issue 1

Aug 2008

CGT improvement threshold for 2008-09 Marriage breakdown roll-over relief Compensation received by life tenant capital Discharge of debt arising from the provision of services Partial main residence exemption Deferred purchase agreement warrants Consolidation issues:  draft determinations Demutualisation of private health insurers CGT and Div 6 (ITAA 1936) interaction issues Shareholder and unitholder rights First home owner grant issues CGT STATUS REPORT

CGT Newsletter 2007/08 - Issue 2	May 2008
2008-09 Budget and CGT CGT 30 June planning Consolidation regime 2008-09 improvement threshold What is income? Amendment of assessments for CGT Trust cloning CGT market value substitution rule Amounts misappropriated by employee or agent Default by borrower on unsecured note – no CGT event McNeil’s case amendments Wash sales Deferred purchase agreement warrants CGT STATUS REPORT

CGT Newsletter 2007/08 - Issue 1	April 2008
Demutualisation of health insurers Small business CGT affiliate status not established Holiday unit not an active asset Main residence exemption Tax consolidation rules following certain CGT roll-overs Discount capital gain: Dutch pension fund Issue of shares by a company for assets Wash sales and Part IVA ITAA 1936 Trust cloning CGT STATUS REPORT

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