Call (07) 4151 8898  Call (07) 4151 8898 

Small business income tax offset

The small business income tax offset (also known as the unincorporated small business tax discount) can reduce the tax you pay by up to $1,000 each year.

The offset is worked out on the proportion of tax payable on your business income.

To be eligible for the offset, you must be carrying on a small business as a sole trader, or have a share of net small business income from a partnership or trust.

The small business must have an aggregated turnover of less than $5 million for the 2016-17 income year onwards .

Table: Progressive changes to the small business income tax offset

Your offset will be worked out based on the amount you show in your income tax return. These amounts are your:

The Money Edge | Bundaberg 



Recent Posts


Subscribe to keep informed!

Sign up for The Money Edge's Money Tips!

First Name

Email Address

The Money Edge respects your privacy. If you do not wish to receive any further mail from us, please feel free to contact us on the below contact details . For more information about The Money Edge's privacy policy, please refer to our Privacy Policy