Private ruling: Capital gains tax - small business concession - retirement
Date of advice: 8 January 2026
Published: 2 March 2026
Ruling period: Income year ended 30 June 20XX | Income year ending 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Is the CGT event in relation to the sale of your business in connection with your retirement for the purposes of paragraph 152-105(d)(i) of the Income Tax Assessment Act 1997 (ITAA 1997) ? | A1: Yes, the CGT event in relation to the sale of your business is in connection with your retirement.

Relevant facts and circumstances: You established a business as a sole proprietor more than 15 years back. You are over 55 years of age. You have entered into a sale agreement to sell your business. The settlement date is DD MM 20XX. You will completely retire from settlement day. You will make a capital gain on the sale of your business.

Relevant legislative provisions: Income Tax Assessment Act 1997 section 152-105 | Income Tax Assessment Act 1997 paragraph 152-105(d)(i)