Forgetting to include capital gains in your tax return is a common mistake, so the ATO keeps a good look out for it. As registered tax agents with over 35 years experience, we can help you make sure you get your capital gain correct.

What Is Capital Gains Tax

When you sell an investment asset, you must work out the gain (or loss) you made, and include that amount in your tax return.

The ATO has a data matching program that can determine if you have done this correctly.

The penalties are harsh if you get it wrong so it’s best to plan ahead and seek advice before selling investment assets.

We can help you figure out the tax consequences of a sale and let you know if there are discounts, exemptions or rollover provisions available.

What Triggers Capital Gains Tax

Capital Gains Tax for individuals is usally triggered by selling or gifting away an investment asset such as:

• Houses
• Listed securites like shares
• Ownership interests in a business
• Cryptocurrency

How We Can Help

There's a lot of exemptions and concessions available for Capital Gains transactions. There''s also different methods to calculate the gain or loss. It can be a tricky area. We can help by performing all your capital gains calculations for you, and correctly including them in your tax return.