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  2. Capital gains tax in Australia - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax_in_Australia

    A capital gains tax (CGT) was introduced in Australia on 20 September 1985, one of a number of tax reforms by the Hawke/Keating government. The CGT applied only to assets acquired on or after that date, with gains (or losses) on assets owned on that date, called pre-CGT assets, not being subject to the CGT.

  3. Negative gearing in Australia - Wikipedia

    en.wikipedia.org/wiki/Negative_gearing_in_Australia

    In addition to the tax benefits of negative gearing, the investor typically would take into account the anticipated increase in the market value of the property and the tax treatment of capital gains under Australian law. For example, if the investor has held an investment property for more than twelve months, then only 50% of the capital gain ...

  4. Taxation in Australia - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Australia

    Net capital losses in a tax year may be carried forward and offset against future capital gains. However, capital losses cannot be offset against income. Personal use assets and collectables are treated as separate categories and losses on those are quarantined so they can only be applied against gains in the same category, not other gains.

  5. Capital Gains Tax Rates: Here’s What You Need To Know for Tax ...

    www.aol.com/finance/capital-gains-tax-rates-know...

    What Is the Capital Gains Tax for Tax Year 2020? The capital gains tax rate for tax year 2020 ranges from 0% to 28%. For most people, the capital gains tax does not exceed 15%.

  6. What Are the Capital Gains Tax Rates? How Can I Avoid ... - AOL

    www.aol.com/avoid-capital-gains-tax-152221628.html

    Depending on how your gains are classified, and your total taxable income for the year, your capital gains tax rate can vary. This percentage could be as low as 0% or as high as your ordinary tax ...

  7. How to (Legally) Avoid Capital Gains Taxes

    www.aol.com/avoid-capital-gains-tax-214204556.html

    Most long-term capital gains will see a tax rate of no more than 15%, though certain assets (like coins and art) can be taxed at a rate up to 28%. Depending on your income, you may even qualify ...

  8. Income tax in Australia - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_Australia

    Capital gains tax (CGT) in Australia is part of the income tax system rather than a separate tax. [22] Capital gains tax was introduced by the Hawke Labor government in September 1985 and allowed for indexation of the cost base of the capital asset to the Consumer Price Index, to account for annual price inflation. Net capital gains (after ...

  9. Capital Gains Tax Rates for 2023-2024 - AOL

    www.aol.com/finance/capital-gains-tax-rates-2023...

    The capital gains tax rate for long-term assets is 0%, 15%, 20%, 25% or 28%. You only pay capital gains tax if you sell an asset for more than you spent to acquire it.

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