The small business CGT concessions and super: The practical aspects

National Conference 2020 – Technical Paper

The small business CGT cap is an ideal opportunity for small business clients to boost their super savings. However, putting the theory into practice can be challenging given the nuances of the concessions, the one-off nature of selling a business and the precise timing requirements for contributing the CGT cap amount to super.

Given these practical issues, this Technical Paper will concentrate on case studies to showcase a real-world understanding of how the concessions and the CGT cap apply in practice, as well as identify strategies to maximise the amount contributed to super under the CGT cap.

The small business CGT concessions and super: The practical aspects

Technical Paper

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association