Advanced guide to capital gains tax concessions for small business 2011-12

Introduction

This guide applies to capital gains tax (CGT) events that happened in the 2011-12 income year.

Do not use this guide for CGT events that happened in earlier years because the information might have changed. See More information for earlier versions of this guide.

This guide explains the CGT concessions available for small business that are contained in Division 152 of the Income Tax Assessment Act 1997 (ITAA 1997). These concessions apply to CGT events happening after 11.45am, by legal time in the Australian Capital Territory, on 21 September 1999.

This guide does not explain how the concessions apply to a consolidated group of entities.

In this guide, we use the word 'you' to refer to the taxpayer (or their agent) to which this guide applies, such as a sole trader, a partner of a partnership, a company or a trust that conduct a small business.

This publication can be downloaded in Portable Document Format (PDF): download Advanced guide to capital gains tax concessions for small business 2011-12 (NAT 3359, 1.32MB).