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:

• what is CGT
• which assets are subject to or exempt from CGT
• what happens when you dispose of an asset
• how to calculate your CGT.