• Additional requirement for shares or trust interests

    Prior to 1 July 2006

    From 1 July 2006

    From 1 July 2007

    From 1 July 2009

    The entity that owns the shares or trust interests must be a capital gains tax (CGT) concession stakeholder in the company or trust (the object company or trust).

    In addition to the existing test, an alternative to the direct ownership requirement is introduced.

    The alternative requirement is the 90% test. An entity satisfies the test if there are CGT concession stakeholders in the object company or trust, and the CGT concession stakeholders have a small business participation percentage in the entity disposing of the shares or interests, of at least 90%.

    No change

    No change

      Last modified: 21 Jun 2016QC 21145