This Subdivision tells you how to apply the small business CGT concessions mentioned in step 4 of the method statement in subsection   102 - 5(1).

A capital gain is reduced by 50% if the basic conditions in Subdivision   152 - A are satisfied.

If the capital gain has already been reduced by the discount percentage, the 50% reduction under this Subdivision applies to that reduced gain.

The capital gain may be further reduced by the small business retirement exemption or a small business rollover, or both.

Alternatively, you may choose not to apply the 50% reduction and instead apply the small business retirement exemption or small business rollover.

None of these rules apply if the 15 - year exemption already applies to the capital gain, since such a gain is disregarded anyway.