This paper considers the basic conditions for small business CGT relief before going on to look at: the small business asset roll-over relief; the retirement exemption on the sale of a small business; the 50% active asset reduction; and the 15 year exemption. The paper revises the key principles and highlights the changes with the first two forms of CGT relief. The two new forms of small business CGT relief are examined in more detail.The paper illustrates the operation of some of the various concessions through the use of worked examples.
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