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Capital Gains Tax

Capital Gains Tax (CGT) refers to the tax payable on any capital gain you make. It is included on your annual income tax return. CGT is not a separate tax, rather it is a component of your income on our income tax return. You are taxed on a net capital gain at your marginal tax rate.

The Capital Gain or Capital Loss worksheet helps you to calculate a capital gain or loss for each separate CGT event.

There are three methods of calculating a capital gain which are explained in full in the Guide to Capital Gains Tax.

If the capital gain arose as part of a small business, there are four CGT small business concessions that may apply. These concessions are explained in the Guide to Capital Gains Tax Concessions for small business

Contact Details

146 Charters Towers Road
Hermit Park, Queensland, 4812

PO Box 3820
 Hermit Park, Queensland, 4812

(07) 4431 0333

(07) 4431 0222

jkm@jkmaccountants.com.au