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Business: Capital Gains Tax (CGT)

Capital gains tax (CGT) is the tax you pay on any capital gain you include on your annual income tax return. It is not a separate tax, merely a component of your income tax. You are taxed on your net capital gain at your marginal tax rate.

Your net capital gain is:

your total capital gains for the year

minus

your total capital losses for the year and any unapplied net capital losses from earlier years

minus


any CGT discounts and small business CGT concessions to which you may be entitled.

We can assist you both with the calculation of your prior period Capital Gains, as well as forecasting your unrealised capital gains to assist you with planning for future tax obligations, and ensuring that you have all the information you need before you sell.

 

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