Hi All,
I hope you're all winning!
I have a tax question for the accountants here.
If someone has held a company for over 12 months and is now selling the business, will they be up for full CGT? Or do they get a similar concession to a real estate asset?
The business has been held by 2 directors and shareholders and will each have an equal share of the proceeds from the sale.
Cheers,
Frank