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mandytran(Newbie)Newbie
29 Sept 2022

I have a situation about capital gain tax on sale of business. In sale contract, sell price included sale of equipment & sale of stock.

EX: sell price is 110k included 100k for equipment & 10k for stock


I treated 110k as assessable income, not capital gain income in tax return. However, my adviser did not agree about it. She mentioned that $110k need to be treated as capital gain income and apply Small business entity CGT concessions.


Could you please assist with the above case? It is assessable income or capital gain income.


Thank you so much



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Does capital gain tax apply on sale of business? | ATO Community