Advanced guide to capital gains tax concessions for small business

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More information

For CGT events which happened in earlier years, see:

• Advanced guide to capital gains tax concessions for small business 2011-12
• Advanced guide to capital gains tax concessions for small business 2010-11
• Advanced guide to capital gains tax concessions for small business 2009-10
• Advanced guide to capital gains tax concessions for small business 2008-09
• Advanced guide to capital gains tax concessions for small business 2007-08
• Advanced guide to capital gains tax concessions for small business 2006-07
• Advanced guide to capital gains tax concessions for small business 2005-06 .

For more general information about:

• the capital gains tax concessions for small business 2012-13, see the Guide to capital gains tax concessions for small business 2012-13
• capital gains tax in general, see the Guide to capital gains tax 2012-13 .
• market value or market valuation see Market valuation for tax purposes .

The following documents might also help you:

• Division 115 of the Income Tax Assessment Act 1997
• Guide to depreciating assets 2012-13 (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

ATO references:
NO NAT 3359