You can make a capital gain or capital loss from disposing of a depreciating asset only to the extent that you use the depreciating asset for a non-taxable purpose (for example, for private purposes).
If the capital gain is from a depreciating asset, you cannot use any of the small business CGT concessions to reduce the gain any further. If it is not from a depreciating asset, you may be able to reduce your capital gain further under the remaining small business CGT concessions.
Start of example
Example 10: depreciating assets
The land that Lana disposed of was not a depreciating asset, so she can use the remaining small business CGT concessions to reduce her capital gain if she meets the relevant conditions.
End of example