CGT may also apply if you restructure your business so it’s important to understand the potential impacts of this by speaking to a trusted advisor.

The small business restructure rollover allows small businesses to transfer active assets from one entity (the transferor) to one or more other entities (transferees), on or after 1 July 2016, without incurring an income tax liability.

This rollover applies to the transfer of active assets that are CGT assets, trading stock, revenue assets or depreciating assets.

You can access this concession if your aggregated turnover is less than $10 million.