Some months after acquiring the shares in Kidz Pty Ltd, Nisha discovers she is pregnant with triplets! At the same time, she is approached by a listed national chain KidsRus to buy her out of the 10,000 ordinary shares in the company. Nisha has a cost base for each share of $60. Nisha decides to accept the offer given her personal situation.

Set out all of the CGT consequences and choices for Nisha in respect of the sale of the shares in Kidz Pty Ltd.

Consider the application of all possible CGT choices on the sale of the shares where appropriate, and the ongoing impact of any choices made. Also consider whether this sale changes any small business CGT choices Nisha should make in respect of the sale of her inherited half of the family business.

Answer rating: 100% (QA)

CGT Consequences and Choices for Nisha Overview Nishas sale of the shares in Kidz Pty Ltd will trigger capital gains tax CGT consequences The CGT cons... View the full answer