How do I optimise my income and minimise taxes after sale, given that I am the 100% share owner?

Australian capital gains tax after selling my business - I have sold my business for $50,000, with terms $5,000 upfront and $250 a week over.

What is the best way to comply to capital gains regulations and taxation, and maximise my income from it?

I sold the goodwill as an ongoing concern.

There is only $4,500 left in the business account.

Shall I pay the CGT from this, can I do this prior to the EOFY?

With the rest of the payments, how do I take it out of the company? Is dividends the best way to take it out and take advantage of franking credits?

Is there a better way?

Thanks!

Tony

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