Capital Gains Tax Calculation Request
If you have sold assets during a tax year, such as property, shares or crypto currency, the capital gain or loss for each asset needs to be declared as you will need to pay tax on your net capital gains.
There are many steps, exemptions, and discounts available to calculating your Capital Gains Tax (CGT) especially when multiple assets are involved.
We understand the complications of the record keeping involved in the purchase and sale of shares and especially crypto currency. Our experienced accountants can assist with reviewing data and analysing the implications of the sale of an asset or assets.
Our tax team will work with you to ascertain the cost vs gain for each asset, to correctly offset your capital losses against any capital gain, apply the CGT discount if applicable, review eligibility of assessable exemptions and advise on reporting your net capital gain or loss in your Australian individual or entity income tax return.