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Advanced guide to capital gains tax concessions for small business 2013–14

This guide has information about small business CGT concessions and is current for the 2013–14 income year. NAT 3359.

Last updated 17 March 2015

Introduction

This guide applies to capital gains tax (CGT) events that happened in 2013–14.

Do not use this guide for CGT events that happened in earlier years because the information might have changed. See More information for earlier versions of this guide.

This guide explains the 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.

When we say 'you' or 'your business' in this guide, we are talking about you conducting a small business as:

  • an individual (such as a sole trader)
  • a partner in a partnership
  • a company or a trust.

This publication can be downloaded in Portable Document Format (PDF): download Advanced guide to capital gains tax concessions for small business 2013-14 (NAT 3359, 447KB).

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