CGT exempt small business sale proceeds
You may be able to contribute the proceeds arising from the sale of an asset that was used in running a small business.
Contributions may qualify for an exclusion from the non-concessional contributions cap (up to a lifetime limit known as the CGT cap amount) if the sale proceeds qualify for either:
- the small business CGT 15-year exemption or
- the small business CGT retirement exemption.
You must notify us using the applicable ATO form either before or at the time of making the contribution (i.e. not after) that it is being made under this provision. These contributions are subject to the contribution eligibility rules. We recommend you speak with your adviser if you wish to contribute the sale proceeds from your small business.
