![]() Retirement Exemption : applying for the CGT retirement exemption will allow you to set aside up to $500,000 of your capital gain.The 50% active asset reduction is in addition to the 50% CGT discount. You’ll be entitled to a 50% reduction on the capital gains tax on the sale of your business if your business is deemed an active asset. 50% Active Asset Reduction : your business will be considered an “active asset” if it’s been operative for at least half the time that you’ve owned it.The 15-Year Exemption : if you’ve continuously owned your business for 15 years before its sale, you can be exempt from capital gains tax altogether – making this the most generous CGT concession offered by the ATO. ![]()
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