What You Should Know About CGT! How Does It Work?

This week, we have a special episode! As we air an interview with the Pizza & Property Podcast, hosted by a very good friend, Todd Sloan.

Just in time for tax season, this episode guides us through what capital gains tax really is and why it matters.

Capital gains tax is a tax that you pay on the gain that you've received when selling an investment, whether that's property, shares, or other investments.

The cost base of an investment includes the purchase price plus any additional costs associated with the purchase.

Now there are a few ways one can reduce their capital gains tax. One example is the 50% discount applied if an investment is held for more than 12 months...

This is why timing your investment sales significantly impacts your CGT liability. Always keep detailed records and understand your cost base.

If you want to know more about capital gains tax and ways to reduce it, you won't regret tuning in to this episode, as it is your complete guide to CGT!

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