Empower Your Quest: CGT Concession in Small Business

You are considered a CGT Concession Stakeholder in a company or trust if you are:

• A significant individual in that company or trust.
• The spouse of a significant individual and have a small but more than zero percent stake in the company or trust.

You can own this stake either directly or through other entities. To calculate your stake, use the same method as the significant individual test.

You’re a significant individual in a company or trust if you own at least 20% of it. This 20% can include both your direct ownership and indirect ownership through other entities.

Special Note – A spouse of a significant individual must have a participation percentage greater than zero in the business entity.