What is Small business CGT concessions?
Tax-specific. A plain-English definition for Australian business owners.
The small business CGT concessions are four federal concessions (15-year exemption, 50% active asset reduction, retirement exemption, rollover) that can substantially reduce or eliminate CGT on the sale of an active business asset.
Eligibility requires meeting either the $2M small business turnover test or the $6M maximum net asset value test, plus various asset-specific tests. The concessions are complex and typically require specialist tax advice.
In a connected back office this sits with the Finance hub, where Valont runs bookkeeping, managed payroll and bas & tax compliance for Australian SMEs as one team. The full definition set is on the glossary.
Talk to an Advisor
General information, not advice. For how this applies to your business, talk it through with a Trusted Advisor or start with the Business Health Check.