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Advanced guide to capital gains tax concessions for small business 2005-06

This guide explains the CGT concessions available to small business and the conditions that must be met to apply.

Last updated 9 September 2007

A number of legislative changes have been made to the concessions outlined in this guide. These changes apply to CGT events that happen in the 2006-07 and later income years. This guide remains correct for the 2005-06 income year.


This guide explains the capital gains tax (CGT) concessions available for small business that are contained in Division 152 of the Income Tax Assessment Act 1997 (ITAA 1997). These concessions apply to CGT events happening after 11.45am, by legal time in the Australian Capital Territory, on 21 September 1999.

This guide does not explain how the concessions apply to a consolidated group of entities.