Tax consultant provides clarity on in-specie transfers
A tax consultancy business has shed light on what the ATO’s interpretation is likely to be of the use of in-specie transfers as part of the CGT cap for small businesses, following the budget reforms.
Tax consulting and educational training provider Darren Wynen from TaxBanter says that following the announced budget changes, the ATO has received a number of private binding ruling applications regarding the interaction of in-specie transfers with the CGT cap.
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