UPEs and the maximum net asset value test

This article was written by Renuka Somers for the Tax Institute’s Journal, Taxation in Australia, published in April 2014.

It discusses the complexity associated with a trust satisfying the maximum net asset value test for the purposes of accessing the capital gains tax (CGT) small business concessions, where it is unclear whether an unpaid present entitlement would be classified as a liability relating to the CGT assets of the trust.

Download a PDF version here: UPEs and the maximum net asset value test

To discuss this article, or for further Information please contact:

Renuka Somers
Special Counsel
Sladen Legal
M +61 407 478 592  |  T +61 3 9611 0110


Daniel Smedley
Principal | Accredited Specialist in Tax Law
Sladen Legal
M +61 411 319 327  |  T +61 3 9611 0105