Capital Gains Tax

Capital Gains Tax Explained

Posted on June 02nd, 2008 in Capital Gains Tax

Capital gains and capital losses can be complicated to work out.
Broadly speaking, you can have a capital gain or capital loss when a capital gains tax (CGT) event occurs – for example, you dispose of an asset.
There are more than 50 CGT events but the most common include selling an asset, giving an asset away, [...]

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Baby boomers + small business + Cap Gains Tax

Posted on May 23rd, 2008 in Business and Subbies, Capital Gains Tax

Visit our site at http://www.mytaxzone.com.au/Over the next several years baby boomers will be selling their businesses to retire. When they do they may well be attracting Capital Gains Tax (CGT) issues. If you are selling or planining to sell your business there are CGT concessions that may apply to your circumstances. The concessions can dramatically [...]

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