How are capital gains taxed in Australia?
What is the process for calculating and paying capital gains tax in Australia?
Category: Tax Law
Location: Patillas
Location: Patillas
Answers
Capital gains tax in Australia is calculated based on the profit from the sale of an asset, with discounts available for assets held longer than 12 months.
1 year ago
Individuals must report capital gains in their tax returns, and certain exemptions, such as the primary residence exemption, may apply.
1 year ago
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