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Capital Gains Tax

What is Capital Gains tax?

Capital gains tax essentials         
 
Capital gains tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, just part of your income tax. The most common way you make a capital gain (or capital loss) is by selling assets such as real estate, shares or managed fund investments. Managed funds also distribute capital gains you must report.

For more detailed information please visit- www.ato.gov.au

DisclaimerWhilst every effort has been made to ensure the accuracy of this information it is not to be relied upon in making a decision to purchase a property, a parcel of land or committing to a building contract. Prospective buyers are strongly advised to seek independent legal advice or to make their enquiries to- www.ato.gov.au