Capital Gains Tax
Capital gains tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, but part of your income tax. The most usual way to make a capital gain or loss is to sell assets like real estate, shares or managed fund investments.
Capital gains tax came into effect on 20 September 1985. All assets you have acquired since this date are subject to the CGT rules including options, rights and business goodwill (unless specific exclusions apply).
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