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Advanced guide to capital gains tax concessions for small business

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More information

This document has been archived. It is current only to 30 June 2014.

For CGT events which happened in earlier years, see:

For more general information about:

The following documents might also help you:

  • Division 115 of the Income Tax Assessment Act 1997
  • Guide to depreciating assets 2013-14 (NAT 1996)
  • Taxation Determination TD 2007/14 Income tax: capital gains: small business concessions: what 'liabilities' are included in the calculation of the 'net value of the CGT assets' of an entity in the context of subsection 152-20(1) of the Income Tax Assessment Act 1997?
  • Taxation Determination TD 2006/65   Income tax: capital gains: small business concessions: can a share in a company or an interest in a trust qualify as an active asset under subsection 152-40(3) of the Income Tax Assessment Act 1997 if the company or trust owns interests in another entity that satisfies the '80% test'?
  • Taxation Determination TD 2006/63 Income tax: capital gains: is a CGT asset that is leased by a taxpayer to a connected entity for use in the connected entity's business an active asset under section 152-40 of the Income Tax Assessment Act 1997?
  • Taxation Determination TD 2006/78 Income tax: capital gains: are there any circumstances in which the premises used in a business of providing accommodation for reward may satisfy the active asset test in section 152-35 of the Income Tax Assessment Act 1997 notwithstanding the exclusion in paragraph 152-40(4)(e) of the Income Tax Assessment Act 1997 for assets whose main use is to derive rent?
  • Taxation Determination TD 2006/71 Income tax: capital gains: small business concessions: is the part of a payment which is a small business 50% reduction amount a non-assessable part under CGT event E4 in section 104-70 of the Income Tax Assessment Act 1997?

You could also discuss your capital gains tax situation with your tax adviser.

Other services

If you do not speak English well and need help from the ATO, phone the Translating and Interpreting Service (TIS) on  13 14 50 .

If you are deaf or have a hearing or speech impairment , phone the ATO through the National Relay Service (NRS) on the numbers listed below, and ask for the ATO number you need:

  • TTY users, phone 13 36 77 . For ATO 1800 free call numbers, phone 1800 555 677 .
  • Speak and Listen (speech-to-speech relay) users, phone 1300 555 727 . For ATO 1800 free call numbers, phone 1800 555 727 .
  • Internet relay users, connect to the NRS at relayservice.com.au

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

ATO references:
NO NAT 3359

Advanced guide to capital gains tax concessions for small business
  Date: Version:
  1 July 2010 Original document
  1 July 2011 Updated document
  1 July 2012 Updated document
You are here 1 July 2013 Archived

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