CGT (Capital Gains Tax)
Tax payable on the profit when you sell an investment for more than you paid. Held over 12 months and you get a 50% discount.
In Australia, capital gains tax isn't a separate tax — your net capital gain is added to your taxable income for the year and taxed at your marginal rate.
If you've held the asset for more than 12 months as an individual, you get the 50% CGT discount, meaning only half the gain is taxable. Capital losses can offset gains in the same year or be carried forward indefinitely.
Your principal place of residence is generally CGT-exempt; investment properties, shares and ETFs are not.
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