Accountants · Koste Knowledge Base
What is the CGT Concession for Small Business Clients?
Quick Answer
The CGT concession for small business clients in Australia provides tax relief on the sale of business assets. Key concessions include the 15-year exemption, 50% active asset reduction, retirement exemption, and rollover relief. Eligibility depends on turnover and asset use. Consult Division 152 of ITAA 1997 for detailed criteria.
CGTsmall businesstax concessionsDivision 152capital gains tax
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