This guide provides general information about the capital gains tax (CGT) concessions available for small business and is current for the 2008-09 income year.
The concessions may apply to CGT events happening after 11.45am, by legal time in the Australian Capital Territory, on 21 September 1999.
When we refer to ‘you’ or ‘your business’ in this guide, we are referring to you as an individual (such as a sole trader), a partner in a partnership, a company or a trust that conducts a small business.
The guide assumes you have a basic understanding of how the CGT system works. It deals with the special CGT concessions available to you as a small business, not with your personal CGT obligations.
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