TheAccountants

Day: June 12, 2024

Tax on selling assets

This article, written from a tax agent’s perspective, provides a comprehensive overview of Capital Gains Tax (CGT) and its implications for Australian investors selling investment assets. It covers the basics of CGT, calculation methods, CGT events, discounts, exemptions, reporting, payment, and the importance of professional advice. Understanding these aspects is vital for investors to manage their tax obligations effectively when disposing of investment assets.

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