Small Business CGT Changes - Should You Sell Out?

Small Business CGT Changes - Should You Sell Out? With tax changes on the horizon, small business owners often ask if they should sell before new rules take effect. As a business owner myself, the answer is no. If you enjoy what you do and your business is growing and profitable, continue building that value. Having a significant capital gain in the future simply means your business has succeeded, and paying tax on that growth is a good problem to have. Small business owners also have powerful concessions available, including the active asset exemption, the retirement exemption, and the 15-year exemption. When structured alongside specialist advice, holding active assets for over 15 years can provide an incredible tax-free outcome in retirement. Focus on running a great business today and let the capital gains tax take care of itself down the track. General Advice Only. Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty (AFS Licence 495401).

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Robert Goudie is an Authorised Representative (No. 235974) of AFSL 495401.