If you dispose of assets, a capital gains event is triggered and a capital gain or capital loss needs to be reported in your Tax Return. Other capital gain events include, Trading, exchanging or swapping assets and the loss or destruction of an asset, or creating contractual or other rights. CGT reporting can be very complex to understand with all the rules and regulations and is best left to the experts. The small business CGT concessions allows you to reduce, disregard or defer some or all of the capital gain from an active asset using in a small business. We are here to assist and can work through the best scenario with you, including what CGT concessions you may be eligible to use.