Sell business

This strategy involves selling your business and paying no tax. This strategy only applies to businesses that pass either the $2 million turnover test or the $6 million net assets test. The three tax strategies that can achieve this are listed in the order of their attractiveness:

  • 15 Year Small Business CGT Exemption.
  • Retirement Exemption - CGT Concession for Small Business.
  • Small Business CGT Rollover. 

Although the three tax strategies can all result in no tax payable on the business sale, they are not equally attractive. The 15 year small business CGT exemption is the best as if this is applied no tax is payable now, or in the future. In contrast, with the small business CGT rollover, no tax is payable now, but it is only deferred into the future.