• Interaction with other concessions

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    If you qualify for the small business 15-year exemption, you can entirely disregard the capital gain and do not need to apply any other concessions. Further, you do not have to apply capital losses against your capital gain before applying the 15-year exemption.

    If the conditions are satisfied and you make a capital loss from the CGT event, you may use the capital loss to reduce other capital gains.

    Last modified: 28 Jun 2012QC 25888