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 concessionssmall business cgt15 year exemptionretirement exemptionactive assetatocapital gains tax small businesscgt exemptionbusiness sale taxretirement exemption cgtactive asset exemptionsmall business rollovercgt discountbusiness closure taxasset sale tax deduction50 year exemptionbusiness asset salebusiness grantabnasicincome taxtax return
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