Capital gains tax (CGT) | Essentials to strengthen your small business

Course overview

If you sell or dispose of assets, you may have to pay capital gains tax (CGT). This course will explain how to work out CGT. It outlines the different exemptions, concessions and rollovers you may be able to use to disregard, defer or reduce your capital gains.

Capital gains tax overview

5 mins

What is capital gains tax?	0%
Exemptions, rollovers or concessions	0%
Net capital gain in an income year	0%
Work out if you’ve made a net capital gain or loss	0%
Multiple CGT events in an income year	0%
Keeping records	0%
Residents for tax purposes	0%

CGT assets and events

7 mins

Identifying a CGT event	0%
What assets are subject to the CGT rules?	0%
Collectables	0%
Personal use assets	0%
Other assets	0%
Activity: Jessica’s consulting firm	0%

Timing of CGT events

5 mins

Identify the timing of a CGT event	0%
CGT asset acquisition date	0%
Activity: Jessica’s consulting firm	0%

Calculating a capital gain or loss for each CGT event

21 mins

Working out the net capital gain or loss for a CGT event	0%
Capital proceeds	0%
Cost base of a CGT asset	0%
The 3 methods for calculating a capital gain	0%
The discount method	0%
The indexation method	0%
The ‘other’ method	0%
Reduced cost base and calculating a capital loss	0%
Activity: Jessica’s consulting firm	0%
Working out a capital gain or loss from a CGT event	0%
Applying current and prior year losses	0%
Activity: Jessica’s consulting firm	0%

General exemptions and rollovers

4 mins

Overview	0%
CGT exemptions	0%
Rollovers	0%
Activity: Jessica’s consulting firm	0%

Applying small business CGT concessions

20 mins

Small business concessions	0%
Basic eligibility conditions for small business CGT concessions	0%
Small business 15-year exemption	0%
Small business 50% active asset reduction	0%
Small business retirement exemption	0%
Small business rollover	0%
Examples of CGT event calculations	0%
Activity: Jessica’s consulting firm	0%
Choosing to use the small business CGT concessions	0%
Activity	0%

Calculating the overall net capital gain or loss for the income year

2 mins

Reporting and paying CGT	0%
Example calculation	0%

The CGT calculator

2 mins

Overview and what information you need	0%
Accessing the CGT calculator tool	0%

CGT when changing your business structure

2 mins

Small business restructure roll-over	0%
Activity	0%

CGT if running a home-based business

3 mins

Home-based businesses and CGT	0%
Activity: Jessica’s consulting firm	0%

CGT record-keeping and asset register

2 mins

CGT record-keeping	0%
CGT asset register	0%

Related courses

1 mins

Related courses	0%

Course Feedback

Course Feedback	0%