Action plan
What actions do you need to take for your small business?
Select any you’ve already completed and export the document for your follow-up.
Action Plan
- Identify your small business assets and which ones are CGT assets
- Determine if you’re eligible to apply any CGT exemptions, rollovers or concessions
- Consider implications of running your business from home
- Keep records relating to your CGT assets, including information needed to calculate your capital gain or loss
- Keep a CGT asset register
- Seek further information from
- a registered tax adviser
- ato.gov.au/cgt
Last modified: 07 Jun 2024
What you will learn
- What capital gains tax (CGT) is and the assets that are subject to CGT rules
- Basic ways of calculating CGT
- Exemptions, rollovers and concessions that may be available to disregard, defer or reduce capital gains
- Keeping records for CGT