Will I have to pay Capital Gains Tax when Selling a Business?

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Capital gains tax applies to business sales in Australia. There are currently four small business concessions that could reduce your CGT payable. It is important to get the assistance of an accountant early on when you're preparing to sell as it could affect when and how the sale is structured. 

A helpful section on the ATO website outlines what happens when changing, selling or closing a business.  

> Your Guide to Selling a Business

Tags: sellingprivately

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