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.