Search for     
ato.gov.au        Corporate section only        
Advanced search
Search tips
> Businesses >   
 

Advanced guide to capital gains tax concessions for small business 2008-09

 
Increase text size Decrease text size
 
Warning: This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

Interaction with other concessions

If you qualify for the small business 15-year exemption, you can entirely disregard the capital gain and do not need to apply any other concessions. Further, you do not have to apply capital losses against your capital gain before applying the 15-year exemption.

If the conditions are satisfied and you make a capital loss from the CGT event, you may use the capital loss to reduce other capital gains.

Sections within Small business 15-year exemption

Last Modified: Wednesday, 16 March 2011
 
Table of contents
Introduction
What is new
About capital gains tax
Basic conditions for the small business CGT concessions
Small business 15-year exemption
Small business 50% active asset reduction
Small business retirement exemption
Small business rollover
Death and the small business CGT concessions
More information
Give us your feedback
 
© Australian Taxation Office for the Commonwealth of Australia
Top of page
More information on page