CGT concessions and super benefits

How the small business CGT concessions works with super.

Summary: CGT, small businesses and property; claiming CGT relief; keeping assets in super; and the work test.

Key take-out: Those running a business, aged over 65 and under 75, need to keep a diary to prove they've satisfied the work test.

Question:  If a percentage of a person's main residence is used to run a business, with the relevant tax deductions being claimed for the property related expenses, am I right in saying that the small business CGT concessions can be used to decrease any tax payable on the business percentage when the property is sold? If the 15-year retirement CGT concession is used, could you put all or part of the capital gain into superannuation, and is the amount contributed affected by the $1.6 million total superannuation balance limit?

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