Small Business Entity CGT Concessions

Small Business Entity CGT
ConcessionsSmall Business Entity CGT
Concessions

Introduction:
• The present SBE regimes contains a large number of
components which is usually given in Section 328, ITAA
1997.
• The section comprises of central concessions of the SBE
regimes.
• The small business concessions is largely adopted by the
tax practitioners.
• The small business tax offsets are usually aimed at
reducing the taxes paid by the small business entity. The
tax offset can be determined based on the proportion of

Government objectives of
introducing SBE Tax
• Determining the degree up to which the SBE concessions are
adopted by the taxpayers
• Obtains an understanding as to which individual SBE concessions is
considered very much favoured by practitioners
• Determining the main motives regarding any form of
recommendations of specific SBE concessions to the small business
• Considering the opinion of the small business taxpayers regarding
the effect of SBE concessions on the cost of tax compliance.