Might you be eligible for the small business CGT concessions?
Walk through the basic eligibility tests for the four small business CGT concessions: 15-year exemption, 50% active asset reduction, retirement exemption and rollover relief. Five questions, indicative output, confirm with your tax adviser.
Important: The small business CGT concessions are technical. Eligibility depends on the interaction of multiple tests applied to specific facts. This tool gives an indicative read on the basic conditions only. Oliver Group is not a registered tax agent. Consult your accountant or a registered tax adviser before relying on any concession.
Are you (or an entity you control) carrying on a business?
The concessions are only available where the asset is connected with a business: either yours, an affiliate's, or a connected entity's.
The $6m test and the role of valuation.
The small business CGT concessions can reduce capital gains tax materially , sometimes to zero. They are also one of the most actively reviewed concession areas in Australian tax. The ATO scrutinises eligibility tests closely, particularly where the position is marginal.
The $6m maximum net asset value test is a market value test, not a book value test. Where your net asset value sits within reach of the threshold, the documentation behind the value matters. An independent market valuation provides substantiated evidence the ATO expects. A casual estimate does not.
The active asset test is similarly evidence-sensitive. Where the asset has passive and active components, or where the active period is marginal, a valuation that separately identifies the active and passive value components is often required.
Oliver Group does not provide tax advice or confirm concession eligibility. We provide the independent market valuation evidence that supports the positions your accountant or tax adviser confirms under the legislation.
Get a defensible valuation before you lodge.
Where the $6m test or active asset test is marginal, the valuation file is what protects the position if reviewed.
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Small Business Valuation
$1,495 + GST
For a business with annual turnover under $2 million. Signed and delivered in 2 business days. Delivery time starts once payment and all required information have been received. The fee is fixed in writing before we start and never tied to the outcome.
Larger business? Tell us in the form and we recommend the right package. All fees