Selling a business can yield significant profits, but with profit also comes tax. Learn how small business capital gains tax concessions can reduce or even eliminate taxes when selling. Sally explains how these little-known but impactful tax rules work when structuring the sale of a small business. She examines a case study of business owners, Martha and Artie selling their engineering firm. In this episode of the Smarten Up! The Tax and Business Podcast, you’ll learn: Key decision points when selling a business (2:21) Overview of basic requirements to qualify for concessions (8:47) How the 15-year exemption could make gains completely tax-free (13:42) How the 50% small business CGT discount works on top of general discounts (15:28) Other concessions like rollovers and retirement exemptions (17:12) Why obtaining expert advice early is crucial (20:36) Selling a successful small business can represent the culmination of years of hard work. Arm yourself with the knowledge from this episode before you sell your small business and reap maximum reward from your years of effort.