People that own a small business

Small business owners thinking about selling need to understand the Small Business Capital Gains Tax concessions. Eligibility depends on factors like the $2 million turnover test or $6 million net asset test, and the rules can become very complex when companies and trusts are involved.
One major benefit is the 15-year exemption, which may allow eligible business owners to reduce or eliminate capital gains tax and contribute significant amounts into superannuation. Because these rules involve both tax and super strategies, it’s essential to get advice from qualified accountants and financial professionals before selling a business.

General Advice Only

Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty (AFS Licence 495401)

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