CGT
When you sell a capital asset, such as shares or real estate, you must consider the tax implications of making a capital gain or a capital loss in the transaction.
The Capital Gains Tax (CGT) regime has been part of the Australian taxation system since 1985, but it remains a regime that has been grafted onto a system which taxes income. As such, for business owners and investors alike, CGT raises a host of important tax issues, ranging from the threshold issue of whether an event is of a capital nature, rather than revenue, through to consideration of the various concessions or exemptions that may apply.
Our experienced tax team can assist with:
- CGT planning
- Evaluating revenue or capital distinction for a gain or loss
- Assessing eligibility for potential CGT rollovers
- Determining potential access to CGT concessions or exemptions
- Calculating the CGT amount of a relevant transaction
- CGT in connection with deceased estates
- Tax audits and disputes, including liaison with tax authorities
Pitcher Partners tax team is comprised of professionals from accounting and legal backgrounds with formidable technical and commercial experience across a range of industries and the full spectrum of taxation regulations.
Our highly qualified tax specialists have extensive experience in advising business and property owners, as well as owners of investment portfolios, in effectively managing and planning their CGT implications.
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