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Notes Online Home 2019 Tax Schools Day 1 Tips and traps under the CGT SBCs for individuals
In this chapter of the notes, we look at the tips and traps under the CGT SBCs for individuals. More specifically:
• Overview of the CGT SBCs for individuals
• Business premises owned by an individual and used by a related entity
• Individuals who also use business premises partly to derive rental income
• Individuals who carry on business from home
• Satisfying the ‘in connection with retirement’ condition under the 15-year exemption
• Satisfying the ‘contribution requirement’ under the retirement exemption
• Using the small business roll-over relief to avoid the ‘contribution requirement’
• Completing the 2019 ‘I’ return for individuals eligible to apply the SBCs