Capital Gains Tax

Tax incurred from the profit of an investment asset (not applicable to primary places of residence). A capital gain is the profit made when selling assets like property or shares. A capital loss is when you dispose of an asset and lose money. A capital gain - or loss - can be declared on your tax return each year. If you’ve made a gain, you may need to pay Capital Gains Tax (CGT). The amount of CGT payable depends on your tax bracket and how long you held the asset. There is a 50% CGT discount for Australian residents for tax purposes who have held an asset for at least 12 months.
Read more UNO articles on Capital Gains Tax (CGT)

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