Capital Gains Tax
We can help with your capital gains tax requirements
Capital Gains Tax (CGT) is the tax you pay on any capital gain you make in the financial information that 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.
How does Capital Gains Tax work?
Your net capital gain is the difference between your total capital gains for the year and your total capital losses (from your business and other personal assets), less any relevant CGT discount or concessions that you may be eligible for. Any net capital gain you make for an income year must be included in your assessable income.
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