Q: What is Capital Gains Tax?
A: Capital Gains Tax (CGT) in Australia is a tax applied to the profit (capital gain) made from selling assets such as investment properties, shares, or cryptocurrency. It is not a separate tax but part of your income tax, added to your annual tax return and taxed at your marginal rate. If an asset is held for over 12 months, individuals may receive a 50% discount on the gain at the moment as a concession.
Q: Why is CGT controversial at the moment?
A: . With the May 2026 Budget coming up, there's talk that the Federal Government may reduce or change the CGT concession (which is projected to cost the federal budget $247 billion over the next decade in concessions).
Let's watch it unfold in the months ahead and not come to any conclusions yet.
Truly's advice, financial services and property strategies are complimentary. We do this for the best interests of our clients and we relentlessly strive to serve as the best mortgage brokers with uncommon excellence!
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0449 659 029
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900
Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328
