Capital Gains Tax

Capital Gains Tax (CGT) is the tax you pay on any capital gain you make from your property investments, shares, funds and other assets which you include in your annual income tax return.

As a component of your income tax, you are taxed on your net capital gain at your marginal tax rate. 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.

Tax Minimisation

Your net capital gain is the difference between your total capital gains for the year and your total capital losses, less any relevant CGT discount or concessions. Any net capital gain you make in an income year must be included in your assessable income. We can help you look at all the options and potentially minimise your capital gains tax with access to concessions and discounts.

For help with capital gains tax and applying concessions to your own situation, contact Phil Grantham in the business advisory team at Countplus mbt.

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