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Capital gains tax
Learn about capital gains tax for business assets, when the small business CGT concessions apply and what assets are exempt.
Capital gains tax (CGT) affects businesses when certain events happen, such as selling commercial premises or a business.
You can disregard or defer some or all of a capital gain from an active asset with the small business CGT concessions.
Depreciating assets, such as business equipment, are generally exempt from CGT unless you use them for a private or other non-taxable purpose.
Depreciating assets, such as business equipment, are generally exempt from CGT unless you use them for a private or other non-taxable purpose.
Do you worry about getting your GST, BAS and payroll right?
Would you like to:
- Save time on your record keeping so you have more time to focus on other aspects of your business?
- Reduce the stress around meeting your GST and payroll reporting obligations?
- Have reliable data and reports to help you to understand how your business is performing, manage your cash flow, make more informed decisions and improve your business?
I’m Sharon, a registered BAS agent with more than 20 years' experience in the industry.Get in touch to find out how I can support you and your business to stay on top of your numbers to run a successful business.
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