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Advanced guide to CGT concessions for small business 2006-07

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

Last updated 7 May 2009


This guide is current for the 2006-07 income year.

It explains the capital gains tax (CGT) concessions available for small businesses 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.