When considering income tax roll-overs, the small business restructure rollover offers unique opportunities which should not be overlooked. However, despite the policy intentions underpinning its enactment in 2016, the requirements for income tax relief are deceptively prescriptive.   

This session examines the following:

• What is a genuine restructure of an ongoing business?

• Safe harbour test

• How can ultimate economic ownership be maintained for family trusts?

• Can shares/units be active assets?

• Considering the small business CGT concessions as an alternative.

• Reviewing LCG 2016/2, LCG 2016/3 and recent ATO private rulings.