TY - JOUR
T1 - Accessing CGT concessions for the disposal of an active asset: rent or occupancy fee?
AU - Blissenden, Michael
PY - 2011
Y1 - 2011
N2 - Small businesses disposing of active assets can access the 50% CGT concession. Issues arise where the main use of the active asset is the generation of rental income. This issue arose in the Tingari Village case, where the Tribunal held that the active asset, a mobile home park, was structured to generate rent rather than an occupancy fee. This article examines the basis for this determination and the key element relating to exclusive possession of the site.
AB - Small businesses disposing of active assets can access the 50% CGT concession. Issues arise where the main use of the active asset is the generation of rental income. This issue arose in the Tingari Village case, where the Tribunal held that the active asset, a mobile home park, was structured to generate rent rather than an occupancy fee. This article examines the basis for this determination and the key element relating to exclusive possession of the site.
UR - http://handle.uws.edu.au:8081/1959.7/536027
UR - http://search.informit.com.au/fullText;dn=650051024299699;res=IELBUS
M3 - Article
SN - 0494-8343
VL - 45
SP - 425
EP - 426
JO - Taxation in Australia
JF - Taxation in Australia
IS - 7
ER -