What is capital gains tax...

What is capital gains tax...

Like most tax and accounting related matters, capital gains tax can be complex and daunting for the uninitiated.

Lisa Haberfield, a partner and director at Queensland-based PJS Accountants, explains how capital gains tax (CGT) impacts on property transactions.

What is capital gains tax?

Capital gains tax is tax on the profit made on the sale of any capital item, Haberfield explains.

“This includes all different types of investments, including, but not limited to shares, units in unit trusts, businesses and property.”

Sourced from Realestate.com.au - click here to read more...