CPA Practice · Bankstown & Wollongong

1300 351 055 Mon–Sat 9:00–17:00 (closed Sunday) Contact us
Call 1300 351 055 Book a call
Menu Close
Book a call 1300 351 055

Capital Gains Tax CGT Tax Advice & Planning

Capital Gains Tax (CGT) Advice and Planning

Capital Gains Tax CGT Tax Advice & Planning​

When you’re selling property, shares, or a business, your timing and strategy make a world of difference to the tax you’ll pay. Impact Taxation & Financial Services provides expert capital gains tax advice that individuals, families, and businesses can trust.
Book a call

What is Capital Gains Tax (CGT)?

Capital Gains Tax is the tax you pay on the profit you make from selling certain assets, such as property, shares, or a business. It isn’t a separate tax, but rather a part of your income tax, and it’s reported in your annual return.
pexels-leeloothefirst-8962470

CGT applies to:

  • Australian residents — liable for capital gains on worldwide assets
  • Foreign residents — liable for CGT on certain Australian assets, such as real property


The amount you pay depends on the type of asset, how long you’ve held it, your taxable income, and whether you qualify for discounts or concessions.

When Does Capital Gains Tax Apply?

You may need to pay CGT when you:

  • Sell an investment property
  • Sell shares or managed fund investments
  • Sell part or all of a business or business assets
  • Sell land or vacant blocks


Capital gains tax on property is also one of the things you need to consider. The key rules include:

  • Main Residence Exemption — Your primary home is generally exempt, but partial CGT may apply if it was rented out or used for business.
  • Investment Properties — Fully subject to CGT, though timing and ownership structure can make a big difference
  • Land Sales — Vacant land and development sites are also subject to CGT.


Need tailored property advice? See our Property Pre-purchase and Property Pre-sale Consultation services.

pexels-mikhail-nilov-8297220
pexels-shkrabaanthony-5816298

Understanding CGT for Small Businesses and Investors

If you run a small business, special CGT concessions may reduce or even get rid of tax when selling eligible assets. These include:

  • 15-year exemption if you’ve owned the business for 15 years and are retiring
  • 50% active asset reduction
  • Retirement exemption of up to $500,000, which can be contributed into super
  • Defering CGT by reinvesting in another active asset


Maximise these opportunities by getting small business tax structuring advice.

Our Process for Tailored Capital Gains Tax Advice and Planning

We make complicated tax matters straightforward with a clear, step-by-step approach:

1

Initial Consultation and Asset Review

We review your assets, ownership structure, and tax planning goals.

2

CGT Calculation and Scenario Modelling

We run the numbers to estimate liabilities and explore different outcomes.

3

Strategic Recommendations

We provide strategies to reduce tax using timing, exemptions, and restructuring.

4

Record-keeping and ATO Lodgement Assistance

We help organise documentation and lodge reports correctly.

Learn more about our ATO Aduit Support and Resolution services.

Why Choose Us for Capital Gains Tax Advice in Australia?

Getting CGT right is about avoiding penalties and protecting your wealth. Impact Taxation & Financial Services go beyond the numbers to provide solid tax planning advice you can rely on.

Specialist Knowledge

We stay abreast of the latest ATO rulings and apply proven strategies for property, investments, and businesses.

Proven Track
Record

Our clients trust us to deliver clear answers and accurate outcomes in the most complex situations.

Forward-looking Tax Strategies

We don’t just focus on this year — we help you plan for future asset sales and long-term wealth building.

Personalised
Support

You’ll work directly with an accessible and highly experienced team that explains everything in plain language.

Frequently Asked Questions About Capital Gains Tax in Australia

CGT is based on your taxable income. Individuals pay at their marginal tax rate, while companies pay a flat rate (usually 25-30%). If you’ve owned an asset for more than 12 months, individuals may qualify for a 50% CGT discount.

The ATO has a CGT calculator and record-keeping tool that helps you do this, but to give you an overview: Work out what you receive for the asset, and the costs for acquiring the asset. Subtract costs from what you received. If the result is more than zero, you have a capital gain for this asset, and if the result is less than zero, you have a capital loss.

Repeat these steps for each CGT event you’ve had this financial year, and subtract your capital losses from your capital gains. Apply CGT discounts to any eligible capital gains, and report your net capital gain or loss in your tax return.

You can reduce CGT through timing (holding assets longer than 12 months), using small business concessions, contributing proceeds to superannuation, or applying the main residence exemption. Proper planning is key.

Keep your purchase contracts, settlement statements, improvement costs, depreciation schedules, and sale contracts. A good record-keeping strategy ensures accuracy and maximises your deductions.

If it’s your main residence, it’s usually exempt. But if you’ve rented it out, used it for business, or owned multiple properties, partial CGT may apply. Contact our team for advice.

Book a Capital Gains Tax Advice and Consultation Session

The right CGT strategy can save you thousands or even hundreds of thousands over time. Understanding capital gains tax in NSW and throughout Australia helps you stay compliant and plan with confidence.

From family trust accounting to high-networth tax planning to conducting annual tax planning sessions, we’re here to help.

Book a call