Affiliates

An affiliate is any individual or company that, in relation to their business affairs, acts or could reasonably be expected to act:

• according to your directions or wishes, or
• in concert with you.

Trusts, partnerships, and superannuation funds cannot be your affiliates.

CGT concessions

When working out your aggregated turnover for small business capital gains tax (CGT) concessions, additional entities may be treated as being connected with you or your affiliate.

See also:

• Basic conditions for the small business CGT concessions
• Who is an affiliate?
• When an entity is connected with you