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
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Related forms
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- NSW Land Tax — Primary Production Land ExemptionLand Tax Primary Production Exemption application (Revenue NSW)
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- ABN / GST registration — primary producer (ATO)ABN + GST registration (online via ABR / ATO Online)
- NSW Water Access Licence (WAL)
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