Capital Gains Tax (CGT) refers to the tax payable on any capital gain you make. It is included on your annual income tax return. CGT is not a separate tax, rather it is a component of your income on our income tax return. You are taxed on a net capital gain at your marginal tax rate.
The Capital Gain or Capital Loss worksheet helps you to calculate a capital gain or loss for each separate CGT event.
There are three methods of calculating a capital gain which are explained in full in the Guide to Capital Gains Tax.
If the capital gain arose as part of a small business, there are four CGT small business concessions that may apply. These concessions are explained in the Guide to Capital Gains Tax Concessions for small business