Small business tax concessions

Small business tax concessions are available whether you operate your business as a sole trader, partnership, company or trust – all that matters is if your business is technically classified as a small business and what activities you undertake. For tax purposes, you are classified as a small business entity if you: 

  • operate a business for all or part of the income year
  • have less than $10 million aggregated turnover.

Sole traders

Tax concessions

You can find the most up-to-date small business tax concession rules on the Australian Taxation Office (ATO) website. 

Some examples of the tax concessions that are available to sole traders include:

Capital Gains Tax

A ‘capital gain’ or ‘capital loss’ is the difference between what it cost you to get an asset and what you received when you disposed of it. If you made a capital gain from a CGT event (for example selling it or giving an asset away), and you owned the relevant asset for at least 12 months, you may be able to reduce the capital gain using the following:


Tax concessions

See what tax concessions are available to companies including:

Capital Gains Tax (CGT)

No discount for Capital Gains Tax (CGT) for companies.

More information...

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