Accessing CGT concessions for the disposal of an active asset: rent or occupancy fee?

Michael Blissenden

    Research output: Contribution to journalArticlepeer-review

    Abstract

    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.
    Original languageEnglish
    Pages (from-to)425-426
    Number of pages2
    JournalTaxation in Australia
    Volume45
    Issue number7
    Publication statusPublished - 2011

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