CGT Small Biz Concessions Tool
From our September 2011 issue
If you are having trouble determining whether you may be eligible to access the CGT small business concessions, the ATO’s CGT small business concessions tool (on www.ato.gov.au) may be worth a look.
You can put in your own details and the tool will determine eligibility for the concessions as well as your estimated capital gain.
You can then take this detail to your tax adviser if you are seriously contemplating the transaction and want specific advice.
This information is for guidance only and is not intended as specific advice to any reader. Professional advice should be obtained before acting on any information contained herein. The publisher accepts no responsibility for loss occasioned to any person or organisation as a result of action or the refrain of action as a consequence of the contents of this publication.