The rules around small business cgt concessions are changing!  For many years, the 50% capital gains tax discount has been a key tax concession for most taxpayers in Australia who have held assets for more than 12 months. In simple terms, a reduction of the 50% of the capital gain has generally been included in taxable income. For business owners, this has often been important when selling a business, or their company shares or units and planning for retirement. Of course, the 50% discount only applies to all taxpayers except Companies . But they still have other issues to deal [...] READ MORE