How to maximise your after tax proceeds using CGT small business concessions (and get more into your SMSF)

When selling your business (or helping your clients to sell theirs) it is critically important to know what capital gains tax concessions might be available. The small business CGT concessions in division 152 of the Income Tax Assessment Act 1997 are an important, but often misunderstood tool in minimising the tax on what could be the largest single sale of many people’s lives. In some cases, capital gains tax can be completely eliminated. What is more, the small business concessions represent a unique opportunity to contribute more to superannuation than normally permitted under the contribution caps.

During this session, you will:

  • Examine the CGT concessions available
  • Discuss how the concessions can be accessed
  • Explore some key tricks and traps, using recent case studies.