Guide to small business entity concessions

CGT rollover

What accessing this concession means	What not accessing this concession means	Are there any other eligibility criteria?	How do I access this concession?	When can I access this concession?
You can choose to roll over all or part of a capital gain from the sale of a business asset if you acquire a replacement asset or make a capital improvement to an existing asset. The replacement asset can be acquired one year before or up to two years after the last CGT event in the income year for which you choose the rollover. This means you may defer your capital gain until a later year. The Commissioner may extend the replacement asset period.	You will pay tax on the full amount of the gain in the year of the CGT event (unless you apply one of the other CGT concessions).	Yes	You access this concession by not including the gain (or part of the gain) in your tax return. You don't need to notify us of your decision to use this concession. Note: Companies and trusts may be required to complete a Capital gains tax (CGT) schedule (NAT 3423) and report the extent to which they have accessed this concession.	Tax returns for the 2007-08 income year onwards.

	For more information, refer to Rollover - capital gains tax concession for small business.
	Small business entity concessions - home

Sections within CGT concessions

• Capital gains tax (CGT) 15-year asset exemption
• CGT 50% active asset reduction
• CGT retirement exemption
• CGT rollover