Capital Gains Tax

Capital Gains Tax

Capital Gains Tax (CGT) Services by Expert Tax

At Expert Tax Accountants, we provide comprehensive support for all Capital Gains Tax (CGT) events that occur within the financial year. Whenever a CGT event applies to your assets, we assist you in accurately determining your capital gain or capital loss and calculating your overall net capital gain or net capital loss for reporting purposes.

For eligible individuals and small businesses (excluding companies), we ensure that the correct 50% CGT discount is applied when the asset has been held for more than 12 months. Our team ensures all relevant rules, concessions, and exemptions are assessed to optimise your tax outcome.

Our CGT Services Include Assistance With:

• ✧ Capital Proceeds
  Determining the correct amount received or entitled to be received from the CGT event.
• ✧ Cost Base Calculation
  Accurately calculating the cost base or reduced cost base of your asset, including acquisition costs, incidental expenses, ownership costs, and capital improvements.
• ✧ Depreciating Assets & CGT
  Identifying whether depreciation rules or CGT rules apply and ensuring correct treatment for assets used in business.
• ✧ Debt Forgiveness & CGT
  Assessing the effect of forgiven debts on your CGT obligations and ensuring compliance with tax law.
• ✧ International CGT Issues
  Handling CGT matters involving foreign assets, residency changes, offshore income, and international tax implications.

With Expert Tax Accountants, you can be confident that your CGT obligations are managed with precision, clarity, and full compliance. If you’d like, I can also prepare matching sections for GST, Payroll, Business Structuring, or any other services you offer.