Capital Gains Tax (CGT) is the tax levied on a net capital gain that accrues to the taxpayer during a financial year. As a general principle, CGT applies to assets acquired after 19 September 1985 and sold for a profit.
If you make a gain you would expect to pay tax, but the amount of that tax liability can vary significantly. Planning before acting or even simply talking through your options with one of our tax specialists can make all the difference.
We cover all aspects of capital gains tax, including classification of income versus capital, rollover relief, various concessions, exemptions and exclusions.
We can help you find the right solution, not only for tax purposes but to strengthen your business. Contact us now to discuss your tax preparation needs.
