The ATO has updated its guide to the small business CGT concessions. The guide explains the CGT concessions available for small business that are contained in Division 152 of ITAA 1997. These concessions apply to CGT events happening after 11.45am, by legal time in the Australian Capital Territory, on 21 September 1999.
The guide includes the most recent amendments to Division 152 that are contained in Tax Laws Amendment (2009 Measures No 2) Act 2009, which received Royal Assent on 23 June 2009.
For a copy of the guide, go here