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  • Capital gains tax for business assets

    Capital gains tax (CGT) affects businesses when certain events happen, such as selling commercial premises or a business.

    You can disregard or defer some or all of a capital gain from an active asset with the small business CGT concessions.

    Depreciating assets, such as business equipment, are generally exempt from CGT unless you use them for a private or other non-taxable purpose.

    You can find out more about CGT, including:

    Last modified: 04 Aug 2021QC 66506