From www.smsfadviser.com: Small business owners can utilise the small business CGT concessions, particularly the 15-year exemption, to contribute sale proceeds of business assets to superannuation without these contributions counting against the non-concessional contributions cap.

To qualify for the 15-year exemption, the asset must be owned for 15 years, and specific conditions regarding age and retirement status must be met.

The total exempt amount can significantly enhance retirement savings, demonstrating the strategic benefit of CGT concessions for small business owners.