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Small business CGT concessions eligibility

A guided questionnaire to check which of the four small business CGT concessions may apply to your asset sale.

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yrs
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Concessions available

2 / 4

15-year exemption
50% active asset reduction
Retirement exemption
Small business rollover
  1. 1

    Checked the maximum net asset value / turnover test

    Passed — aggregated turnover ($1,500,000) is under $2m, or net asset value ($2,500,000) is under $6m.

  2. 2

    Checked the active asset test

    Passed — the asset was used in the course of carrying on the business.

  3. 3

    15-year exemption

    Not eligible — requires 15+ years of continuous ownership (you have 10), age 55+ (you are 50), and retirement or permanent incapacity.

  4. 4

    50% active asset reduction

    Eligible — basic conditions are met, so the capital gain can be reduced by a further 50% (on top of the general 50% CGT discount, if applicable).

  5. 5

    Retirement exemption

    Eligible — up to a $500,000 lifetime cap. Since you are under 55, the exempt amount must be paid into a complying super fund.

  6. 6

    Small business rollover

    Not eligible — no replacement active asset is intended to be acquired within two years of the sale.

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Assumptions

  • This is an eligibility checker only, not a dollar estimate of the concessions — it does not calculate the reduced capital gain amount.
  • The active asset test here is a single yes/no input — it does not model the underlying 7.5-year (of the past 15 years owned) or half-of-ownership-period tests in detail.
  • Assumes the CGT asset is held by an individual, not a company or complex trust structure with additional significant-individual tests.

Note

These figures are estimates only, based on the assumptions above. They do not constitute financial, tax, or accounting advice. Please consult a registered tax agent or accountant before making any decisions. We accept no liability for any loss arising from reliance on this calculator.