If you qualify for the Small Business Retirement Exemption then any capital gain from the sale of your business may be exempt up to a lifetime limit of $500,000.

If you are under 55 years of age the exempt portion must be paid into a complying superannuation fund.  Refer Section 152 - 300 of Income Tax Assessment Act 1997 (ITAA 1997).

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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