Changing the structure of your business?

If you restructure your small business (for example, from a company to a trust) you may be able to apply the small business restructure roll-over concession.

You can transfer certain active assets without incurring an income tax liability, but there may be tax implications later when you dispose of that asset.

The concession applies when transferring:

  • CGT assets
  • trading stock
  • revenue assets
  • depreciating assets.

To be eligible for this concession there are criteria you need to meet. Please call our office if you would like to find out more.

Source: ATO

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