The Capital Gains Tax (CGT) Cap amount for 2015 is $1,355,000.

Provided that you meet the conditions of the Small Business CGT Concession Regime you may elect to have the proceeds from the sale of an active asset counted towards the life time cap of $1,355,000 instead if the regular non concessional contribution caps.

Refer to Division 152 of Income Tax Assessment Act  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

Please refer to disclaimer at the bottom of the page.