Tax offset for unincorporated small businesses
Small Business Income Tax OffsetLast Updated: 1 September 2022
Small Business Income Tax Offset
The Small Business Income Tax Offset provides unincorporated small businesses with a tax offset.
What you get?
Tax offsets of up to $1000 per year.
Who is this for?
Unincorporated small businesses.
Overview
The Small Business Income Tax Offset provides small businesses with a tax offset of up to $1000 per year. The offset is worked out on the proportion of tax payable on your business income.
The Australian Taxation Office (ATO) will work out the amount of your offset based on your business income.
Check if you can apply
To be eligible, 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
- have an aggregated turnover of less than $5 million for the 2016–17 income year onwards
Apply now
Apply for the Small Business Income Tax Offset
Find out more about your eligibility and how to apply.
