CGT small business concessions and contributions to super
Lifetime CGT cap
|Income Year||Amount of cap|
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