May 22, 2017 … Small businesses can access a range of concessions including payment and reporting options. This applies to sole traders, partnerships, companies or trusts. To qualify for these concessions, you'll need to determine if your business is a 'small business entity' for the income year.
Search Results For: ato small business concessions
Jul 17, 2017 … For the purposes of the small business CGT concessions, you're a small business entity if you're an individual, partnership, company or trust that is carrying on a business and has an aggregated turnover of less than $2 million.
Jul 17, 2017 … These concessions are available when you dispose of an active asset and any of the following apply: you're a small business with an aggregated annual turnover of less than $2 million. your asset was used in a closely connected small business.
Jul 17, 2017 … Basic conditions for the small business CGT concessions. To qualify for the four
small business capital gains tax (CGT) concessions, you must satisfy several
conditions that are common to all the concessions. These are called the 'basic
conditions'. Most of the concessions also have further requirements …
Jul 17, 2017 … Choosing and applying the concessions · Small business 15-year exemption ·
Small business 50% active asset reduction · Small business retirement
exemption · Small business rollover · Small business restructure rollover ·
and small business CGT concessions · Keeping records for CGT small …
Mar 18, 2015 … There are four CGT concessions available to small business. These concessions
may apply to CGT events (for example, the disposal of a CGT asset) that happen
after 11.45am on 21 September 1999. Any capital gain that results from a CGT
event may be reduced or disregarded under the small business …
Jul 17, 2017 … Special rules affect eligibility for the small business CGT concessions for
businesses that are winding up.