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Capital Gains Tax (CGT) cap

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A separate cap applies if you contribute to super when selling active business assets.

What is the CGT cap in 2018/19?

The CGT cap depends on the small business concession you claim, as summarised in the following table.

 

CGT cap in 2018/19

Lifetime cap amount

Generally available when you claim the1:

Source of funds that can be contributed

$1.48 million

15 year CGT exemption

Exempt capital gains and/or sale proceeds

$500,000

CGT retirement exemption

Exempt capital gains only

1. Conditions apply. To find out more, we suggest you speak to a registered tax agent or go to the Australian Taxation Office (ATO) website.

Important things to consider

  • If you are eligible, want to make a contribution into super and have the contribution count towards the CGT cap, you must provide your fund with a ‘CGT cap election’ form in the approved format at the time or prior to making the contribution.
  • The CGT small business concessions are complex. A registered tax agent can help assess your eligibility and maximise the benefits.
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What next?

Find out more about Super and retirement rules.

 

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General advice and information only

Any advice and information on this website is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.

Tax disclaimer

Any general tax information on this website is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.