Small Business Concessions at a glance

If you are a business, use this table to find out what concessions you can access based on your aggregated turnover.

When we say ‘turnover’, we mean ‘aggregated turnover’.

The concessions have various start dates beginning from 1 July 2016.

Note: Most concessions have additional eligibility requirements.

Business concessions

Concession	Turnover less than $2 million	Turnover $2 million to less than $5 million	Turnover $5 million to less than $10 million	Turnover $10 million to less than $50 million	Turnover $50 million to less than $500 million	Turnover $500 million to less than $5 billion
Simplified depreciation rules – instant asset write-off	Yes	Yes	Yes	Yes	Yes	No
Backing business investment – accelerated depreciation	Yes	Yes	Yes	Yes	Yes	No
Temporary full expensing	Yes	Yes	Yes	Yes	Yes	Yes
Accelerated depreciation for primary producers	Yes	Yes	Yes	Yes	Yes	No
Deductions for professional expenses for start-ups	Yes	Yes	Yes	Yes	No	No
Immediate deductions for prepaid expenses	Yes	Yes	Yes	Yes	No	No

Concession	Turnover less than $2 million	Turnover $2 million to less than $5 million	Turnover $5 million to less than $10 million	Turnover $10 million to less than $50 million
Lower company tax rate changes	Yes	Yes	Yes	Yes
Increased small business income tax offset	Yes	Yes	No	No
PAYG instalments concession	Yes	Yes	Yes	Yes (from 1 July 2021)

Concession	Turnover less than $2 million	Turnover $2 million to less than $5 million	Turnover $5 million to less than $10 million	Turnover $10 million to less than $50 million
Simplified trading stock rules	Yes	Yes	Yes	Yes
Two-year amendment period	Yes	Yes	Yes	Yes

Concession	Turnover less than $2 million	Turnover $2 million to less than $5 million	Turnover $5 million to less than $10 million	Turnover $10 million to less than $50 million
Simpler BAS	Yes	Yes	Yes	No
Accounting for GST on a cash basis	Yes	Yes	Yes	No
Annual apportionment of GST input tax credits	Yes	Yes	Yes	No
Paying GST by instalments	Yes	Yes	Yes	No
Excise concession	Yes	Yes	Yes	Yes (from 1 July 2021)

Concession	Turnover less than $2 million	Turnover $2 million to less than $5 million	Turnover $5 million to less than $10 million	Turnover $10 million to less than $50 million
Small business restructure rollover	Yes	Yes	Yes	No
CGT 15-year asset exemption	Yes	No	No	No
CGT 50% active asset reduction	Yes	No	No	No
CGT retirement exemption	Yes	No	No	No
CGT rollover	Yes	No	No	No
Contributions of small business CGT concession amounts to your super fund	Yes	No	No	No

Concession	Turnover less than $2 million	Turnover $2 million to less than $5 million	Turnover $5 million to less than $10 million	Turnover $10 million to less than $50 million
FBT car parking exemption	Yes	Yes	Yes	Yes (from 1 April 2021)
FBT work-related devices exemption	Yes	Yes	Yes	Yes (from 1 April 2021)

Concession	Turnover less than $2 million	Turnover $2 million to less than $5 million	Turnover $5 million to less than $10 million	Turnover $10 million to less than $50 million
Superannuation clearing house	Yes	Yes	Yes	No
Contributions of small business CGT concession amounts to your super fund	Yes	No	No	No