Complete Guide to Capital Gains Tax (CGT) in
A
Australia
Here is a complete guide to CGT in Australia for commercial real estate investors.
How to Calculate CGT?
Identify the Capital Proceeds - Do not forget to identify the amount you receive when you sell your commercial property.
Determine the Cost Base - You need to determine the cost incurred to buy, maintain, and sell the property.
Check the Capital Gain or Loss - It is important to check the capital gain or loss.
50% active asset reduction – You can decrease the capital gain on active business premises by 50%. 15-year exemption - Property owners who have held on to active commercial premises for 15 years are exempted from CGT on capital gains from the sale. Retirement exemption - The retirement exemption is for business owners who choose to apply for it without stopping their business.
to Reduce CGT?
How
Make sure that you are aware of the CGT calculation and concessions to reduce the tax incurred on your profit.
FOR MORE1300 556 121 https://www.commercialproperty2sell.com.au/blog/2022/03/a-complete-gui de-to-capital-gains-tax-(cgt)-i.php