Running a business: tax obligations

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What do business owners need to know and do about tax and super? Find out more about how to set up a business.

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  • Fact 21

    As overseas travel became more common in the 1960s, the ATO stopped issuing tax clearance certificates (which had previously reminded Australians planning on travel that they must ensure they had paid all tax owed prior to leaving the country).

Capital gain

Occurs when a CGT asset is sold for more than its purchase price.

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