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  • Small business retirement exemption



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    The rules covering the small business retirement exemption are contained in Subdivision 152-D of the Income Tax Assessment Act 1997.

    You may choose to disregard all or part of a capital gain under the small business retirement exemption if you satisfy certain conditions. For an individual choosing the retirement exemption, there is no requirement to terminate any activity or cease business. This concession allows you to provide for your retirement. Also, CGT concession stakeholders receiving payments under the retirement exemption are not required to terminate their employment with the company or trust.

    Last modified: 20 Apr 2011QC 23096