Taxation in Australia --- Page: 255-257 : November 2007 No author supplied for original article
LexisNexis Summary
Tax practitioners are advised against an assumption that there is consistency among tax concepts. Even minor differences in drafting in the capital gains tax (CGT) small business relief provisions have some important implications. For example, the controlling individual concept is relevant to a CGT event that happens in the 2005-06 or an earlier year, while the significant individual concept is relevant to a CGT event that happens in the 2006-07 or later years.
