What is Capital Gains Tax (CGT)?
Capital Gains Tax (CGT) is the tax you pay on any capital gain you make, which you include in your annual income tax return. There is no separate tax on capital gains, it is a component of your income tax. You are taxed on your net capital gain at your marginal tax rate.
You may also be entitled to a 50% CGT discount depending on various circumstances. Please note that your residency status may affect whether you are able to access the 50% discount after 8 May 2012.
Our dedicated team can assist you with queries relating to any capital gains or losses, as well as other legal and accounting matters. Complete and submit the express enquiry form or call us on +61 2 9223 9166 to arrange an appointment.
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