Following on from
a recent post, one adviser made contact with me in relation to an additional
planning opportunity that is often overlooked.
In particular,
where the business satisfies the $2 million turnover test, it can be possible
that the $6 million net asset test is ignored.
Particularly in relation to agribusiness clients, the turnover test can
provide a significant benefit that would otherwise be unavailable if the net
asset test needed to also be satisfied.
Image credit: Michael Scott cc