Understanding Capital Gains Tax

Understanding Capital Gains Tax

If you are reading this, it’s probably because you may not be fully understanding capital gains tax. Not to worry! Hopefully I can help solve any confusion surrounding CGT for you today! Understanding Capital Gains Tax: What is a Capital Gain? To cut it right...
Is your home exempt from Capital Gains Tax?

Is your home exempt from Capital Gains Tax?

If you have multiple residences, you can generally only claim full capital gains tax (CGT) exemption from the dwelling that you identify as your Main Residence. How do I know what my main residence is? Below is a list of details that may help you ascertain which...
When to report a Capital Gain

When to report a Capital Gain

There is a lot of confusion around the timing of when a capital gain is made. The point at which a capital gain or loss is made is called a CGT Event. It is important to establish the timing of a CGT Event as it may affect how your tax liability is calculated and what...
What do you need for your tax appointment?

What do you need for your tax appointment?

Being prepared for your tax appointment will save a lot of time and energy for you and your accountant. Having all the right information and documents will also mean you can claim the best tax refund possible. But what is the right information? If you are a new client...