The small business Capital Gains Tax (CGT) concessions offer significant savings for small Business owners. In particular, the concessions provide an excellent means for small business owners to fund their retirement tax effectively via superannuation.

One of the small business CGT concessions is tailored towards superannuation. The CGT exempt amount must be rolled over into super if the small business owner is under age 55.

For business owners over age 55, proceeds from the sale of the business can be rolled over into super, taken as a lump sum, or used to commence a very tax effective income.

Where business owners are over aged 55 and have owned their business for greater than 15 years, attractive tax concessions apply.