I'm hoping someone can help me understand the following tax implications. Not sure if I understand correctly. Eighteen months ago I sold a business that was part of my pty ltd company. I am being paid in instalments with the final instalment due soon. I owned the business for less than 15 years. I am under 55 years of age. I realise I can roll the capital gain into another venture, however, I am really wanting to just get my cash out of the company which sold the business and have the money in my pocket. I sold the business for $200K. As yet the company has not paid any CGT/tax on these funds. If I choose to wind up the company - does the company first have to pay CGT on 100K (allowing for a 50% exemption)? To then get the money out of the company when it is wound up do I have to personally pay CGT again on the money that comes to me (allowing for 50% then 50% exemption) from the winding up? Does that mean- Company pays 30K CGT (200000 x 50% x 30% company tax), which then reduces the 200K to 170K? To take the 170K out of the company when it is being wound up, do I think have to pay CGT on $42,500 (170,000 x 25%). At my tax rate 40.5% = $17212.50? Is this how it works? If I rolled the 100,000 that is eligible to pay CGT (from the original 200K) into another venture, could I then take the remaining 100,000 out of the company when I wind it up ... paying CG tax on just $25000? If I put this $25,000 direct into superannuation would I end up not paying any CGT except for the portion owing on the 100K in the new venture. Would this not be payable until the new venture was sold? Thank you in advance. My head in swimming!