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Special Tax Topics 2020: Budget 2020: Temporary asset write-off and loss carry-back (Integrated)


As part of the 2020-21 Federal Budget, the Treasurer announced a host of measures to shelter the Australian economy from the effects of the COVID-19 pandemic. Two noteworthy measures include the instant asset write-off and the loss carry-back rules

This session provides a detailed examination of these measures and practically illustrates how they apply to your clients


Learning Outcomes

On successful completion of this topic, participants should be able to:

  • Determine the core eligibility conditions for the SBCGT concessions
  • Determine if an asset satisfies the active asset requirement
  • Apply the net asset value test and SBE turnover test
  • Apply the additional tests where shares are sold

  • Benefits

    These concise sessions have been specifically designed for our online education platform, to ensure that you get an in-depth understanding of the topical tax issues in minimal time.

    Peter McGinty

    Senior Tax and Superannuation Trainer

    Peter has degrees in commerce and law from the University of Melbourne. He has more than 30 years’ experience in a chartered practice that focused on tax issues affecting family businesses, small and medium enterprises and high net worth individuals. Peter is an experienced tax trainer and is well regarded for his practical approach t staff training.


    James McPhedran

    Senior Tax and Superannuation Trainer

    James has 18 years’ experience in the industry, including roles at the Big Four accounting firms and advisory roles at mid-tier firms. He has been an educator with Chartered Accountants ANZ for 9 years. His advanced knowledge of taxation and superannuation has allowed him to focus on small to medium enterprises and high net worth individuals. James holds a bachelor’s degree in law and economics from the University of Queensland and a Masters of Taxation from the University of Sydney.


    EVENT DETAILS


    Topic: Financial Advisory and Superannuation, Tax

    Sub-Topic: Business Tax, Employment Taxes - PAYE, PAYG & FBT, GST, Insolvency, International Tax, Self-Managed Superannuation Funds, Tax Administration

    Format: Recorded Webinar

    Proficiency Level: Foundation, Intermediate

    CPD: Upto 1.5 hours