WebbHow the CGT discount works. When you sell or otherwise dispose of an asset, you can reduce your capital gain by 50%, if both of the following apply: you owned the asset for at …

Discretionary trusts and tax planning: tips and traps

Webb20 mars 2014 · Under the small business CGT concessions, if your properties qualify as ‘active assets’, rather than passive investments, you may be eligible for the small business CGT concessions (which include the 15-year exemption, active asset 50% reduction, retirement exemption, and small business roll-over), which are in addition to the 50% … Webb12 nov. 2024 · They are: 1) The ‘small business’ requirement, whereby the disposer must satisfy either the: a) Under $2 million aggregated turnover test; or alternatively. b) The $6 … dykes radiator stop leak

CGT relief options for small businesses Money Management

WebbSmall business 50% active asset reduction. You can reduce the capital gain on an active asset by 50% (in addition to the 50% CGT discount if you've owned it for 12 months or … WebbEssentially, CGT on commercial properties works in a similar way to residential properties. However, there are several key differences: Unlike residential property where the family … Webb5 mars 2013 · Because the property is owned personally and the period of ownership exceeds 12 months, Catherine is eligible for the 50 per cent general CGT discount, which will reduce the taxable capital gain from $800,000 to $400,000. She also claims a CGT retirement exemption of $400,000, which reduces her taxable capital gain to nil. dykes well service