Capital Gains Tax — Small Business / Active Asset / Retirement concessions (ATO)
Form number: CGT schedule with individual / company tax return
The four small business CGT concessions in Division 152 — 15-year exemption, 50% active asset reduction, retirement exemption (up to $500,000 lifetime), and rollover — are the single most powerful tax planning tools when selling or transferring a farm. Used together they can take a multi-million-dollar capital gain to nil tax.
Official source
ato.gov.auRelated topics
small business cgt · div 152 · 15 year cgt exemption · farm cgt · active asset · retirement exemption cgt · cgt rollover farm · capital gains tax farm · cgt concession · small business exemption · farm sale tax · retirement exemption 500k · active asset reduction · cgt rollover · farm transfer tax · div 152 cgt · selling farm tax · agricultural property cgt · farm succession planning · business grant · income tax
Related forms
- Agricultural Levy Returns (DAFF Levies)
- Farm Household Allowance (FHA) — Services AustraliaSA452 (Farm Household Allowance claim)
- Regional Investment Corporation (RIC) Drought LoanRIC Drought Loan application
- RIC Farm Investment LoanRIC Farm Investment Loan application
- RIC AgriStarter Loan (next-generation farmers)RIC AgriStarter Loan application
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