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| Deferring capital gains tax |
| Did you know about the introduction of a role-over relief where a small business asset is exchanged for another, and the capital gains tax exemption where small business assets are disposed of to fund retirement? |
There are many forms of capital gains tax roll-over relief which may apply to you. In addition to the exchange of business assets and funding retirement, roll-over relief applies where a replacement asset is received following involuntary disposal of an asset, for example when an asset is transferred between spouses following a breakdown of marriage, (including a de facto marriage) or from a company or trust to a spouse upon breakdown of a marriage. |
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