element costs on disposal of $35,000. Micah commenced business in 2008 and does not have any other current or prior year capital gains or losses. His business satisfies the requirements of Subdivision 152-C. Required: Yes / No? a, Does the 50% CGT discount apply? b. Does the Small Business Active Asset reduction apply? c. Does the Small Business Retirement Concession apply? d. Calculate Micah's net capital gain for the 2017/18 tax year (use grid provided to show your workings); Calculation details (if any) Gain on Sales of business $ Net Capital Gain $