
Increased Difficulty for Partners To Access Small Business CGT Concessions
From 8 May 2018, partners who alienate their partnership income by creating, assigning or other-wise deal in rights to the future income of the partnership will no longer be able to qualify for small business CGT concessions in relation to these rights.
Partners of partnerships will no longer be able to inappropriately access these small business CGT concessions when they assign their right to the future income of the partnership to an entity that does not have any role in the partnership.
From 8 May 2018, partners who alienate their partnership income by creating, assigning or other-wise deal in rights to the future income of the partnership will no longer be able to qualify for small business CGT concessions in relation to these rights.
Partners of partnerships will no longer be able to inappropriately access these small business CGT concessions when they assign their right to the future income of the partnership to an entity that does not have any role in the partnership.