Rewarding small business entrepreneurs, Small Business CGT Concessions provide opportunity for reducing a capital gains tax on sale of business assets to virtually nil. These concessions could literally reduce capital gains tax on sale of your business to NIL. Though as you would expect, this is not as simple as it sounds. There are stringent conditions imposed by the tax laws for small businesses to gain access to the small business CGT concessions. We can help you identify whether the relevant conditions are satisfied to take advantage of the small business CGT concessions. More importantly we can also assist in structuring your business affairs such that maximum benefit of the concessions can be gained.
Similarly there are various CGT Concessions in the tax law, which if used correctly can save you '000s in tax.
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