• Step 8 - Applying the small business CGT concessions

    Attention

    Warning:

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

    End of attention

    If you are a small business owner, you may qualify for one or more of the following small business CGT concessions: the 50% active asset reduction, small business rollover relief or the small business retirement exemption. You can apply these concessions now to the amount of any relevant capital gains remaining after step 7. You may apply the concessions to capital gains calculated using any of the three methods.

    Further Information

    For more information, see the Guide to capital gains tax concessions for small business 2006-07 (NAT 8384).

    End of further information
    Last modified: 06 Oct 2009QC 27893