Challenge
The owners were planning an exit and were unaware they may qualify for small business CGT concessions, potentially paying far more tax than required.
Strategy
Assessed eligibility under the small business CGT concession rules
Applied the 50% active asset reduction and retirement exemption where applicable
Structured the transaction to meet all compliance requirements
Provided clear guidance on reinvestment and superannuation options
Outcome
The strategy resulted in a substantial reduction in capital gains tax, allowing the owners to retain more of their sale proceeds for retirement planning.
Key Takeaway
Many business owners miss out on CGT concessions simply because they are unaware they qualify.