Selling an asset? Understand the tax before it becomes a surprise.
Capital Gains Tax can become complicated quickly, particularly with property, inherited assets, former homes, shares, investments and business sales.
We help work through the history, calculate the cost base, identify relevant exemptions or concessions and explain the likely tax outcome in plain English.
Capital Gains Tax doesn't always mean paying tax on the full profit
The tax outcome can depend on what you sold, when you acquired it, how it was used, what costs you incurred and who owned it.
Good records can make a significant difference. We help piece together the information needed and make sure the calculation reflects the relevant tax rules and available concessions.
Whatever's being sold, however it's been owned
Property sales
CGT calculations for investment properties, vacant land and other property, including purchase and selling costs and capital improvements.
Property subdivision & vacant land
Working through the tax treatment when a property is subdivided or vacant land is sold, including whether it's treated as capital or as income.
Former homes & rental properties
Working through periods where a property was your home, rented out, vacant or used for another purpose and how those periods affect the calculation.
Main residence exemption
Reviewing whether the full or partial main residence exemption may apply and calculating any taxable portion where circumstances have changed.
Inherited property & deceased estates
Support for inherited assets, including establishing the relevant acquisition date, cost base and tax treatment when an asset is later sold.
Shares & investments
Calculating capital gains and losses from shares and other investments and making sure available capital losses are correctly applied.
Selling a business
Working through the CGT consequences of a business sale, including whether small business CGT concessions may reduce the taxable gain.
Complex ownership histories
Helping where ownership, use or circumstances have changed over time and the CGT calculation isn't straightforward.
Planning a sale? We can calculate the tax position first.
You don't necessarily need to wait until tax time. Where you're considering selling an asset, we can estimate the likely Capital Gains Tax consequences so you understand the tax impact of the transaction before it is completed.
We can also work alongside your solicitor, conveyancer or financial adviser where other professional advice is required.
Get CGT advice before you sellWhat goes into a Capital Gains Tax calculation?
Purchase
Purchase contract, stamp duty, legal fees and other acquisition costs.
Ownership
Dates of ownership, how the asset was used and any changes during the ownership period.
Improvements
Renovations, extensions and other capital expenditure that may form part of the cost base.
Sale
Sale contract, agent commission, legal fees and other selling costs.
Tax history
Previous capital losses, ownership structure and relevant concessions or exemptions.
Capital Gains Tax on property
Property CGT is rarely as simple as subtracting the purchase price from the sale price.
We work through the history of the property and calculate the tax treatment based on your actual circumstances.
Capital Gains Tax on selling a business
Selling a business can trigger Capital Gains Tax on goodwill and other business assets — but small business CGT concessions can substantially reduce, or in some cases eliminate, the taxable gain.
Eligibility depends on turnover or net asset value thresholds, how the asset has been used in the business, and how long it's been held — the rules are genuinely complex and the concessions must be applied in a set order.
Don't have every document? Talk to us anyway.
Property may have been owned for 10, 20 or even 30 years, so we understand that every original invoice may not still be sitting neatly in a folder.
We can help identify what information is needed, what records may be available and where further evidence may be required before completing the calculation.
Focused, experienced, and there before or after the sale
Tax-focused advice
We focus on the taxation and accounting consequences of the transaction and explain them clearly.
Complex property experience
We regularly deal with rental properties, former homes, investment structures, deceased estates and other situations where CGT becomes more complicated.
Before or after the sale
We can calculate an estimated tax position before a proposed transaction or prepare the final calculation once the sale has occurred.
Our advice is limited to taxation and accounting matters. We do not provide legal, lending or financial product advice. Where these services are required, we can work alongside your solicitor, conveyancer, mortgage broker or licensed financial adviser.
CGT is often connected to other work we do
Important information: Information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. Capital Gains Tax treatment depends on the specific facts of each situation. Our advice is limited to taxation and accounting matters — we do not provide legal, lending or financial product advice, and can work alongside your solicitor, conveyancer, mortgage broker or licensed financial adviser where that's required. Obtain advice relevant to your circumstances before making a significant financial decision.
Get in Touch
07 5317 6040
3/2 Summerholm Rd, Hatton Vale
PO Box 396, Gatton QLD 4343
Mon to Fri - 8am to 4pm
Saturday appointments available on request