Do you need to claim for capital gains tax (CGT) concessions in your business tax return? Have you read the Tax Office's guide? It provides a number of tips to help you avoid some of the most common mistakes made by small businesses when claiming CGT concessions.
The guide includes information on:
- the 15 year exemption
- the active asset test
- incorrectly used settlement dates
- earn-out arrangements.
To read the guide, visit the Tax Office website.
You can find further information on CGT in our
Taxation topic.
