ATO — CGT Small Business Concessions on Final Sale
When you sell business assets as part of closure, four CGT concessions can drop your capital gain to zero: the 15-year exemption, 50% active asset reduction, retirement exemption (up to $500,000 lifetime cap) and rollover. Concessions stack and can be combined with the general 50% CGT discount.
Official source
ato.gov.auRelated topics
cgt concessions · small business cgt · 15 year exemption · retirement exemption · active asset · ato · capital gains tax small business · cgt exemption · business sale tax · retirement exemption cgt · active asset exemption · small business rollover · cgt discount · business closure tax · asset sale tax deduction · 50 year exemption · business asset sale · business grant · abn · asic · income tax · tax return
Related forms
FormFinder is not affiliated with any Australian government body. Always verify details on official websites. Not legal advice.
Get this form in FormFinder
Download the app to search, save, and get reminders for this form.
Get it on Google Play — freeDownload on the App Store