Claiming capital gains tax (CGT) concessions
Tuesday 23 November 2010Do 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.
This content is supplied to Flying Solo via business.gov.au,
the Australian Government's principal website for business information and resources.
