Second Reading Speeches

Tax Laws Amendment (Small Business Restructure Roll-over) Bill 2016

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
44

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Summary

Amends the

Income Tax Assessment Act 1997
to enable small businesses to defer the recognition of gains or losses that may arise from the transfer of capital gains tax assets, trading stock, revenue assets and depreciating assets as part of a restructure of their business.