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Increased small business income tax offset

You can claim the small business income tax offset if you either:

  • are a small business sole trader
  • have a share of net small business income from a partnership or trust.

From the 2016–17 income year, the small business income tax offset:

  • increased to 8%, with a limit of $1,000 each year
  • applies to small businesses with turnover less than $5 million.

The tax offset is set to increase to 13% in 2020–21 and to 16% from the 2021–22 income year.

For further information or advice, please contact Silver & Young Chartered Accountants on 1300 621 884 or by emailing

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