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Notes Online Home 2016 Tax Hot Spots II The latest on CGT and Small Business Concessions (‘SBCs’)
Taxpayer hit with massive tax bill after incorrectly determining it was an SBE
In this section of the notes we discuss the taxpayer hit with massive tax bill after incorrectly determining it was an SBE. In particular, the following:
- Background – Accessing the SBCs via the SBE test
- Relevant background to PFGG’s case
- The AAT’s decision in PFGG’s case
- Checklist – Calculating annual turnover