{"id":16832,"date":"2026-04-10T12:41:00","date_gmt":"2026-04-10T07:11:00","guid":{"rendered":"https:\/\/befreeltd.com\/au\/?p=16832"},"modified":"2026-05-08T13:19:15","modified_gmt":"2026-05-08T07:49:15","slug":"small-business-capital-gains-tax-concessions","status":"publish","type":"post","link":"https:\/\/befreeltd.com\/au\/resources\/blogs\/small-business-capital-gains-tax-concessions\/","title":{"rendered":"Small Business Capital Gains Tax Concessions in Australia: Complete Guide for 2026"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16832\" class=\"elementor elementor-16832\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9b02e0d e-flex e-con-boxed e-con e-parent\" data-id=\"9b02e0d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ca3112a elementor-widget elementor-widget-text-editor\" data-id=\"ca3112a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Selling a business or one of its assets can be a big milestone. However, many business owners are surprised by how much tax they may need to pay on the profit, known as capital gains tax (CGT).<\/p><p>The good news is that\u00a0small business capital gains tax concessions\u00a0can greatly reduce, or even remove, the tax you owe. These concessions can significantly reduce the tax you pay when selling your business, yet many owners don\u2019t realise they\u2019re eligible.\u00a0<\/p><p>In this article, we explain everything you need to know about small business CGT concessions, including eligibility, different types of concessions, examples, and how to apply them step by step.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e70a2a7 elementor-widget elementor-widget-heading\" data-id=\"e70a2a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are Small Business Capital Gains Tax Concessions?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e9e8ec elementor-widget elementor-widget-text-editor\" data-id=\"0e9e8ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>If you meet the eligibility requirements, you may be able to:<\/p><ul><li>Reduce your capital gain<\/li><li>Defer your tax liability<\/li><li>Eliminate your CGT<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f93835a elementor-widget elementor-widget-text-editor\" data-id=\"f93835a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>These\u00a0capital gains tax concessions\u00a0are designed to support business growth, facilitate retirement planning, and ease business transitions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd45393 elementor-widget elementor-widget-heading\" data-id=\"bd45393\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Small Business Capital Gains Tax Concessions Matter \n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4fe266 elementor-widget elementor-widget-text-editor\" data-id=\"a4fe266\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>For many business owners, selling a business reflects years of hard work and dedication. Without proper planning, a large part of the profit could be lost to tax.<\/p><p>However, by using\u00a0ATO small business CGT concessions, you may be able to:<\/p><ul><li>Keep more of your business profits<\/li><li>Reinvest in new opportunities<\/li><li>Plan for retirement more effectively<\/li><li>Improve your overall financial position<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdba67e elementor-widget elementor-widget-text-editor\" data-id=\"cdba67e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>CGT rules can get complex; many business owners choose\u00a0<a href=\"https:\/\/befreeltd.com\/au\/services\/accounting-outsourcing\/\">accounting outsourcing<\/a>\u00a0support to keep their records accurate and ensure everything is handled correctly at tax time.\u00a0<\/p><p>When used correctly, these concessions can potentially save business owners hundreds of thousands of dollars.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f710f3c elementor-widget elementor-widget-heading\" data-id=\"f710f3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The 4 Main Small Business Capital Gains Tax Concessions \n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1cb7c98 elementor-widget elementor-widget-text-editor\" data-id=\"1cb7c98\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tThere are four key\u00a0<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/incentives-and-concessions\/small-business-cgt-concessions\/small-business-cgt-concessions-eligibility-conditions\/cgt-concessions-eligibility-overview\"target=\"blank\" rel=\"nofollow\">small business capital gains tax concessions<\/a>\u00a0available under Australian tax law, each designed to reduce your overall tax liability.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c0a5f8 elementor-widget elementor-widget-heading\" data-id=\"6c0a5f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. 15-Year Exemption\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4eeb734 elementor-widget elementor-widget-text-editor\" data-id=\"4eeb734\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This is the most generous capital gains tax concession.<\/p><p>If you qualify, you can completely disregard your capital gain (100% tax-free).<\/p><p><strong>Key conditions:<\/strong><\/p><ul><li>You must have owned the asset for at least 15 years<\/li><li>You are aged 55 or over and retiring, or permanently incapacitated<\/li><li>The asset must be an active business asset<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ec1a9d elementor-widget elementor-widget-text-editor\" data-id=\"7ec1a9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This concession is often used when business owners are exiting or retiring.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ffbbbba elementor-widget elementor-widget-heading\" data-id=\"ffbbbba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. 50% Active Asset Reduction<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-756c3bc elementor-widget elementor-widget-text-editor\" data-id=\"756c3bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This concession cuts your capital gain in half, which directly reduces how much tax you pay.<\/p><p>It is one of the most commonly used\u00a0small business CGT\u00a0strategies and can be combined with other concessions.<\/p><p><strong>Important:<\/strong> This reduction applies after the general CGT discount (if eligible), leading to substantial tax savings.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7a0ea8 elementor-widget elementor-widget-heading\" data-id=\"d7a0ea8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. CGT Retirement Exemption<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60b66c7 elementor-widget elementor-widget-text-editor\" data-id=\"60b66c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The\u00a0CGT retirement exemption\u00a0allows you to disregard up to $500,000 of capital gains over your lifetime.<\/p><p><strong>Key points:<\/strong><\/p><ul><li>If under 55, the amount must be contributed to superannuation<\/li><li>If over 55, you can receive the amount directly<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aee4c5b elementor-widget elementor-widget-text-editor\" data-id=\"aee4c5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tThis is also referred to as the\u00a0<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/incentives-and-concessions\/small-business-cgt-concessions\/small-business-retirement-exemption\"target=\"blank\" rel=\"nofollow\">small business CGT retirement exemption<\/a>\u00a0and is widely used for retirement planning.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6de5924 elementor-widget elementor-widget-heading\" data-id=\"6de5924\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. Small Business Rollover<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0453ef5 elementor-widget elementor-widget-text-editor\" data-id=\"0453ef5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The rollover concession allows you to defer your capital gain.<\/p><p><strong>How it works:<\/strong><\/p><ul><li>You defer the gain for up to two years<\/li><li>You must reinvest in another business asset<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-faa4bf5 elementor-widget elementor-widget-text-editor\" data-id=\"faa4bf5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This option is useful if you are restructuring or expanding your business rather than exiting.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59c6ec3 elementor-widget elementor-widget-heading\" data-id=\"59c6ec3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Basic Eligibility Criteria for Small Business CGT Concessions\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b77c84 elementor-widget elementor-widget-text-editor\" data-id=\"1b77c84\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>To qualify for\u00a0small business capital gains tax concessions, you must meet specific conditions set by the Australian Taxation Office. These criteria ensure that only eligible small businesses benefit from these valuable tax concessions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64982a0 elementor-widget elementor-widget-heading\" data-id=\"64982a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. A CGT Event Must Occur\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd430f6 elementor-widget elementor-widget-text-editor\" data-id=\"bd430f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tA\u00a0<a href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/investments-and-assets\/capital-gains-tax\/cgt-events\"target=\"blank\" rel=\"nofollow\">CGT event<\/a>\u00a0typically arises when you sell, transfer, or otherwise dispose of a business asset. This is the point at which a capital gain or loss is calculated.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b0a170 elementor-widget elementor-widget-heading\" data-id=\"6b0a170\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. You Must Have a Capital Gain\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff0a96c elementor-widget elementor-widget-text-editor\" data-id=\"ff0a96c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The concessions apply only if you make a profit from the transaction. This means the sale proceeds must exceed the asset\u2019s cost base, including purchase price and associated expenses.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-736545a elementor-widget elementor-widget-heading\" data-id=\"736545a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. The Asset Must Be an Active Asset\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d44dd29 elementor-widget elementor-widget-text-editor\" data-id=\"d44dd29\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tThe asset must be actively used in carrying on your business. To meet the\u00a0<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/incentives-and-concessions\/small-business-cgt-concessions\/small-business-cgt-concessions-eligibility-conditions\/active-asset-test\"target=\"blank\" rel=\"nofollow\">active asset test<\/a>:\n<ul>\n \t<li>It should be used for at least half of the ownership period, or<\/li>\n \t<li>If owned for more than 15 years, it must be used for at least 7.5 years<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4125702 elementor-widget elementor-widget-text-editor\" data-id=\"4125702\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This is a key requirement for accessing\u00a0small business CGT\u00a0benefits.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae4e495 elementor-widget elementor-widget-heading\" data-id=\"ae4e495\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. You Must Meet One of the Eligibility Tests\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57a8902 elementor-widget elementor-widget-text-editor\" data-id=\"57a8902\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>You must satisfy at least one of the following:<\/p><ul><li><strong>Aggregated Turnover Test<\/strong>: Your annual turnover is less than $2 million<\/li><li><strong>Net Asset Value Test<\/strong>: Your total net assets do not exceed $6 million<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db7f659 elementor-widget elementor-widget-text-editor\" data-id=\"db7f659\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Meeting these thresholds determines your eligibility for\u00a0ATO small business CGT concessions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08af214 elementor-widget elementor-widget-heading\" data-id=\"08af214\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step-by-Step: How to Apply Small Business CGT Concessions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c653935 elementor-widget elementor-widget-text-editor\" data-id=\"c653935\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Applying\u00a0small business CGT concessions\u00a0in the correct order is essential to maximise your tax savings and remain compliant with the Australian Taxation Office guidelines.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70aadbf elementor-widget elementor-widget-heading\" data-id=\"70aadbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 1: Calculate Your Capital Gain\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f7a4f8 elementor-widget elementor-widget-text-editor\" data-id=\"5f7a4f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tStart by\u00a0<a href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/investments-and-assets\/capital-gains-tax\/calculating-your-cgt\"target=\"blank\" rel=\"nofollow\">calculating your capital gain<\/a>. This is the difference between the asset&#8217;s sale price and its cost base, which includes the purchase price and associated costs such as legal fees, improvements, and transaction expenses.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8720ed elementor-widget elementor-widget-heading\" data-id=\"d8720ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 2: Apply Capital Losses\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1fb47e3 elementor-widget elementor-widget-text-editor\" data-id=\"1fb47e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>If you have any carried-forward capital losses from previous years, deduct them from your current capital gain. This reduces the amount of gain subject to tax before applying any concessions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77e73c5 elementor-widget elementor-widget-heading\" data-id=\"77e73c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 3: Apply the CGT Discount\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5c78bb elementor-widget elementor-widget-text-editor\" data-id=\"d5c78bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tIf you are eligible (for example, individuals or trusts holding an asset for at least 12 months), apply the 50% general\u00a0<a href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/investments-and-assets\/capital-gains-tax\/cgt-discount\"target=\"blank\" rel=\"nofollow\">CGT discount<\/a>. This step can significantly reduce the taxable portion of your gain.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fdb6e74 elementor-widget elementor-widget-heading\" data-id=\"fdb6e74\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Step 4: Apply Small Business Concessions\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c90953b elementor-widget elementor-widget-text-editor\" data-id=\"c90953b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Finally, apply the relevant\u00a0small business concessions\u00a0in the correct order:<\/p><ul><li>15-year exemption (if eligible, this can eliminate the entire gain)<\/li><li>50% active asset reduction<\/li><li>CGT retirement exemption or rollover<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a5ef0b elementor-widget elementor-widget-text-editor\" data-id=\"6a5ef0b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Following this sequence is crucial, as each step builds on the previous one to minimise your overall tax liability. Because these steps must be applied in the correct order, many business owners rely on\u00a0<a href=\"https:\/\/befreeltd.com\/au\/services\/tax-outsourcing\/\">outsourced tax services<\/a>\u00a0to avoid mistakes and make sure they\u2019re not paying more tax than necessary.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cda3b4 elementor-widget elementor-widget-heading\" data-id=\"4cda3b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Example: How Much Tax Can You Save?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fb04e2 elementor-widget elementor-widget-text-editor\" data-id=\"5fb04e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Let\u2019s look at a simple example.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01fe84e elementor-widget elementor-widget-heading\" data-id=\"01fe84e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Scenario:\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dffe816 elementor-widget elementor-widget-text-editor\" data-id=\"dffe816\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>Capital gain: $200,000<\/li><li>Capital losses: $20,000<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ae7b08 elementor-widget elementor-widget-heading\" data-id=\"8ae7b08\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Calculation:\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1016404 elementor-widget elementor-widget-text-editor\" data-id=\"1016404\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>Net gain: $180,000<\/li><li>Apply 50% CGT discount: $90,000<\/li><li>Apply 50% active asset reduction: $45,000<\/li><li>Apply retirement exemption: $0 taxable gain<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25974ef elementor-widget elementor-widget-text-editor\" data-id=\"25974ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In this case, your\u00a0small business CGT concessions\u00a0reduce your tax liability to zero.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e4538e elementor-widget elementor-widget-heading\" data-id=\"4e4538e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Special Situations to Consider\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee6520e elementor-widget elementor-widget-heading\" data-id=\"ee6520e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Selling Shares or Units\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eee631c elementor-widget elementor-widget-text-editor\" data-id=\"eee631c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tIf you are selling shares in a company or units in a trust:\n<ul>\n \t<li>You must meet the 80% active asset test<\/li>\n \t<li>You must be a\u00a0<a href=\"https:\/\/www.ato.gov.au\/forms-and-instructions\/advanced-guide-to-cgt-concessions-for-small-business-2013\/basic-conditions-for-the-small-business-cgt-concessions\/cgt-concession-stakeholder\"target=\"blank\" rel=\"nofollow\">CGT concession stakeholder<\/a><\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-36a2a43 elementor-widget elementor-widget-heading\" data-id=\"36a2a43\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Retirement Planning\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e37ccb4 elementor-widget elementor-widget-text-editor\" data-id=\"e37ccb4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The small business\u00a0CGT retirement exemption\u00a0is especially useful for:<\/p><ul><li>Funding your retirement<\/li><li>Contributing to superannuation<\/li><li>Reducing long-term tax obligations<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6daaf05 elementor-widget elementor-widget-text-editor\" data-id=\"6daaf05\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>These concessions can form a key part of your financial strategy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be93990 elementor-widget elementor-widget-heading\" data-id=\"be93990\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Common Mistakes to Avoid<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4fe7650 elementor-widget elementor-widget-text-editor\" data-id=\"4fe7650\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The ATO has identified several risks when claiming\u00a0small business capital gains tax concessions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-306e9f7 elementor-widget elementor-widget-heading\" data-id=\"306e9f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Common errors include:\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0014aa2 elementor-widget elementor-widget-text-editor\" data-id=\"0014aa2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>Not meeting the active asset test<\/li><li>Incorrect turnover calculations<\/li><li>Applying concessions in the wrong order<\/li><li>Poor documentation<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cd5d14 elementor-widget elementor-widget-text-editor\" data-id=\"4cd5d14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>These mistakes can lead to audits or penalties, so accuracy is essential.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a38c54 elementor-widget elementor-widget-heading\" data-id=\"8a38c54\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to Maximise Your Tax Savings\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ae6d1f elementor-widget elementor-widget-text-editor\" data-id=\"4ae6d1f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>To get the most from\u00a0small business tax concessions, especially CGT-related concessions, consider the following:\u00a0<\/p><ul><li>Plan your business sale in advance<\/li><li>Structure your assets correctly<\/li><li>Combine multiple concessions strategically<\/li><li>Keep accurate records<\/li><li>Seek professional advice<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5234e11 elementor-widget elementor-widget-text-editor\" data-id=\"5234e11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>With the right strategy, these\u00a0tax concessions\u00a0can significantly reduce your overall tax burden.\u00a0<\/p><p>For ongoing savings beyond one-off CGT events, you can also read our article on\u00a0<a href=\"https:\/\/befreeltd.com\/au\/resources\/blogs\/small-business-tax-deductions\/\">small business tax deductions<\/a>\u00a0to understand how to reduce your yearly tax bill.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d49bbe elementor-widget elementor-widget-heading\" data-id=\"1d49bbe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Final Thoughts\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f52b2a elementor-widget elementor-widget-text-editor\" data-id=\"2f52b2a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Small business capital gains\u00a0tax concessions\u00a0can help Australian business owners save money when they sell, retire, or restructure. When used effectively, they can help you retain more of your profits and improve your overall financial performance. However, the requirements can be complex, so careful planning is required. Getting expert counsel early can make a big difference.<\/p><p>Need help applying small business capital gains tax concessions correctly?\u00a0<a href=\"https:\/\/befreeltd.com\/au\/contact-us\/\">Contact Befree<\/a>\u00a0today for experienced help with tax planning, compliance, and strategic advice. We help businesses across Australia in confidently navigating CGT laws and maximising possible opportunities.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7bdd52c elementor-widget elementor-widget-heading\" data-id=\"7bdd52c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions (FAQs)\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38d4d25 elementor-widget elementor-widget-n-accordion\" data-id=\"38d4d25\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:300,&quot;sizes&quot;:[]},&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5950\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-5950\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Who is eligible for small business CGT concessions in Australia? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5950\" class=\"elementor-element elementor-element-090c6ad e-con-full e-flex e-con e-child\" data-id=\"090c6ad\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c2f5cc1 elementor-widget elementor-widget-text-editor\" data-id=\"c2f5cc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>To qualify for small business CGT concessions, you must meet specific criteria set by the ATO. This typically includes having a turnover of less than $2 million or net assets under $6 million, and the asset must pass the active asset test. You must also have a capital gain from a CGT event.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5951\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5951\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Can I apply more than one CGT concession at the same time? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5951\" class=\"elementor-element elementor-element-6d00319 e-con-full e-flex e-con e-child\" data-id=\"6d00319\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ad22b4 elementor-widget elementor-widget-text-editor\" data-id=\"4ad22b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Yes, eligible businesses can combine concessions. For example, you may use the 50% CGT discount, then the active asset reduction, followed by the retirement exemption to lower tax significantly.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5952\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5952\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> What is the $500,000 CGT retirement exemption? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5952\" class=\"elementor-element elementor-element-ac16659 e-con-full e-flex e-con e-child\" data-id=\"ac16659\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d3dd24c elementor-widget elementor-widget-text-editor\" data-id=\"d3dd24c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>This exemption lets eligible owners disregard up to $500,000 in capital gains over their lifetime. If under 55, the amount usually goes into superannuation. If over 55, it can be taken directly.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5953\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5953\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Do I need to pay CGT if I reinvest in another business asset? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5953\" class=\"elementor-element elementor-element-9898965 e-con-full e-flex e-con e-child\" data-id=\"9898965\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-55c2cd1 elementor-widget elementor-widget-text-editor\" data-id=\"55c2cd1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Not always. The small business rollover concession may let you defer CGT for up to two years if you reinvest in another eligible business asset.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5954\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5954\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> What are the most common mistakes when applying CGT concessions? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5954\" class=\"elementor-element elementor-element-5b13b9c e-con-full e-flex e-con e-child\" data-id=\"5b13b9c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0706d40 elementor-widget elementor-widget-text-editor\" data-id=\"0706d40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Frequent mistakes include failing the active asset test, incorrect turnover calculations, applying concessions in the wrong order, and poor record-keeping. Professional advice can help avoid costly errors.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Who is eligible for small business CGT concessions in Australia?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"To qualify for small business CGT concessions, you must meet specific criteria set by the ATO. This typically includes having a turnover of less than $2 million or net assets under $6 million, and the asset must pass the active asset test. You must also have a capital gain from a CGT event.\"}},{\"@type\":\"Question\",\"name\":\"Can I apply more than one CGT concession at the same time?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, eligible businesses can combine concessions. For example, you may use the 50% CGT discount, then the active asset reduction, followed by the retirement exemption to lower tax significantly.\\u00a0\"}},{\"@type\":\"Question\",\"name\":\"What is the $500,000 CGT retirement exemption?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This exemption lets eligible owners disregard up to $500,000 in capital gains over their lifetime. If under 55, the amount usually goes into superannuation. If over 55, it can be taken directly.\\u00a0\"}},{\"@type\":\"Question\",\"name\":\"Do I need to pay CGT if I reinvest in another business asset?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not always. The small business rollover concession may let you defer CGT for up to two years if you reinvest in another eligible business asset.\\u00a0\"}},{\"@type\":\"Question\",\"name\":\"What are the most common mistakes when applying CGT concessions?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Frequent mistakes include failing the active asset test, incorrect turnover calculations, applying concessions in the wrong order, and poor record-keeping. Professional advice can help avoid costly errors.\\u00a0\"}}]}<\/script>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Selling a business or one of its assets can be a big milestone. However, many business owners are surprised by how much tax they may need to pay on the profit, known as capital gains tax (CGT). The good news is that\u00a0small business capital gains tax concessions\u00a0can greatly reduce, or even remove, the tax you [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":16957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Small Business Capital Gains Tax Concessions Australia<\/title>\n<meta name=\"description\" content=\"Learn how to reduce or eliminate tax when selling your business. Understand eligibility, key concessions, and smart ways to maximise your savings.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Webmaster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Small Business Capital Gains Tax Concessions Australia","description":"Learn how to reduce or eliminate tax when selling your business. Understand eligibility, key concessions, and smart ways to maximise your savings.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"twitter_misc":{"Written by":"Webmaster","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/befreeltd.com\/au\/resources\/blogs\/small-business-capital-gains-tax-concessions\/","url":"https:\/\/befreeltd.com\/au\/resources\/blogs\/small-business-capital-gains-tax-concessions\/","name":"Small Business Capital Gains Tax Concessions Australia","isPartOf":{"@id":"https:\/\/befreeltd.com\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/befreeltd.com\/au\/resources\/blogs\/small-business-capital-gains-tax-concessions\/#primaryimage"},"image":{"@id":"https:\/\/befreeltd.com\/au\/resources\/blogs\/small-business-capital-gains-tax-concessions\/#primaryimage"},"thumbnailUrl":"https:\/\/befreeltd.com\/au\/wp-content\/uploads\/Small-Business-Capital-Gains.jpg","datePublished":"2026-04-10T07:11:00+00:00","dateModified":"2026-05-08T07:49:15+00:00","description":"Learn how to reduce or eliminate tax when selling your business. 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