Tips for claiming CGT concessions 

If you need to claim for capital gains tax (CGT) concessions, you need to be aware of the common mistakes made by small businesses. To assist, the Australian Taxation Office has produced tips for claiming CGT concessions for small business.

The guide includes information on:

• the 15 year exemption
  
• the active asset test
  
• incorrectly used settlement dates
  
• earn-out arrangements.

To read the tips, visit the Australian Taxation Office website .