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Main residence exemption - the effect of using your home to produce income

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Small business CGT concessions

If you are not entitled to a full main residence exemption because you use your home for business purposes, you may be able to apply the small business CGT concessions to reduce your capital gain. There are a range of CGT concessions for small businesses. In order to apply the concessions you need to satisfy certain basic conditions. The concessions will not be available if the main use of the premises is to derive rent.

For more information on the concessions, refer to Small business entity concessions essentials.

Last Modified: Tuesday, 6 October 2009

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