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Capital Gains Tax Advice
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Individual Clients
CGT advice
Capital Gains Tax is essentially a tax upon gains from the realisation of property where the realisation is not an aspect of the carrying on of a business. CGT aims to tax gains made on the disposal of assets and sometimes also to tax the receipt of certain amounts that do not derive from the disposal of assets.
At Kennedy Tax and Business Services, we provide trusted and tailored advice to ensure accuracy and consistency on the treatment of Capital Gains Tax.
What assets are subject to CGT?
Asset sales that are subject to Capital Gains Tax include but not limited to:
- Investment properties
- Shares
- Cryptocurrencies
- Personal use assets above a certain value
What assets are exempt from CGT?
CGT-exempt assets include but not limited to:
- Your main residence
- Personal vehicles (cars or motorbikes)
- Depreciating assets used solely for taxable purposes
- Any assets acquired before 20 September 1985
CGT Advice That Keeps Your Tax to a Minimum
There is no set rate of CGT for individuals in Australia. Instead, you pay CGT at your marginal rate of tax.
Our trusted team provides CGT advice and strategies to keep your tax to a minimum. This includes, but is not limited to:
- Holding onto an asset for more than 12 months
- Offsetting your capital gain with capital losses
- Revaluing a residential property before you rent it out
For more information, contact us today to arrange either a virtual or an in-person consultation at our Williams Landing or Footscray office.
Mon-Sat: 8 am - 6 pm
Sun: 10 am - 4 pm
Note: Williams Landing office is closed on Sunday
Sun: 10 am - 4 pm
Note: Williams Landing office is closed on Sunday
Business Centre
607/101 Overton Rd, Williams Landing VIC 3027, Australia
Branch Address
169 Barkly Street Footscray, VIC 3011
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