Online Test Banks
Score higher
See Online Test Banks
Learning anything is easy
Browse Online Courses
Mobile Apps
Learning on the go
Explore Mobile Apps
Dummies Store
Shop for books and more
Start Shopping

Capital Gains Tax in Australia

Part of the Tax for Australians For Dummies Cheat Sheet

If you sell things like shares, real estate, works of art, or other assets that you acquired after 19 September 1985, you may be liable to pay capital gains tax. Here’s what you may have to pay as part of your Australian taxes:

  • Assets held less than 12 months: 100 per cent of gain assessable

  • Assets held more than 12 months: 50 per cent of gain assessable

  • Main residence and car: Exempt from capital gains tax

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus

Inside Sweepstakes

Win an iPad Mini. Enter to win now!