This guide is current for CGT events happening in the 2007-08 and later years.
For CGT events happening in earlier years, this version of the guide should not be used as the information may have changed.
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.