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CGT small business concessions and contributions to super

Lifetime CGT cap

Section: 8.2

Income Year Amount of cap 
2017-18 $1.445 million

CGT cap amounts are measured from 10 May 2006.

The CGT cap for each financial year is indexed by the following factor:

Dec quarter average weekly ordinary time earnings (AWOTE) prior to current financial year/ Dec quarter AWOTE for 2008

This is rounded down to the nearest $5,000. Due to this rounding, the cap may not rise every financial year. The cap will never decrease.

The contribution of CGT cap amounts will not be treated as either a concessional or a non-concessional contribution if the contribution does not exceed the person's lifetime CGT cap. Amounts beyond the CGT cap amount will be either concessional (if a valid deduction notice is submitted and a tax deduction claimed) or non-concessional contributions and may affect a person's available concessional or non-concessional cap.

Last modified: Wednesday, January 10, 2018