About: Capital gains tax in Australia

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Capital gains tax (CGT), in the context of the Australian taxation system, is a tax applied to the capital gain made on the disposal of any asset, with a number of specific exemptions, the most significant one being the family home. Rollover provisions apply to some disposals, one of the most significant of which are transfers to beneficiaries on death, so that the CGT is not a quasi estate tax.

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rdf:type	yago:WikicatCapitalGainsTaxes yago:Abstraction100002137 yago:CapitalGainsTax113312190 yago:Charge113400798 yago:Levy113308864 yago:Liabilities113396054 yago:Possession100032613 yago:Relation100031921 yago:Tax113308999
rdfs:label	Capital gains tax in Australia (en)
rdfs:comment	Capital gains tax (CGT), in the context of the Australian taxation system, is a tax applied to the capital gain made on the disposal of any asset, with a number of specific exemptions, the most significant one being the family home. Rollover provisions apply to some disposals, one of the most significant of which are transfers to beneficiaries on death, so that the CGT is not a quasi estate tax. (en)
dcterms:subject	Capital gains taxes Income tax in Australia Taxation in Australia
Wikipage page ID	3313446 (xsd:integer)
Wikipage revision ID	923686403 (xsd:integer)
Link from a Wikipage to another Wikipage	Capital gains tax Bob Hawke Paul Keating Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Inflation Consumer price index WDV Gambling Eminent domain Stock split Taxable income Australian Securities Exchange Australian Taxation Office Westfield Group Dividend imputation Liquidator (law) Howard Government AMP Limited Estate tax Capital gains tax in Australia Capital gains taxes Income tax in Australia Hectare Intestacy Taxation in Australia Bond (finance) Insurance Australia Group Australian Clearing House and Electronic Sub-register System Venture capital Zero-coupon bond Taxation in Australia Short selling Death duties dbr:Deductible_Gift_Recipient
Link from a Wikipage to an external page	https://web.archive.org/web/20080917112938/http:/ato.gov.au/businesses/content.asp%3Fdoc=%2Fcontent%2F00097804.htm https://web.archive.org/web/20100818221401/http:/www.ato.gov.au/businesses/content.asp%3Fdoc=%2Fcontent%2F21749.htm https://web.archive.org/web/20160306101336/https:/www.ato.gov.au/individuals/content.asp%3Fdoc=%2Fcontent%2F57252.htm https://web.archive.org/web/20160306175155/https:/www.ato.gov.au/businesses/content.asp%3Fdoc=%2Fcontent%2F34898.htm
sameAs	Capital gains tax in Australia Capital gains tax in Australia Capital gains tax in Australia Capital gains tax in Australia
dbp:wikiPageUsesTemplate	dbt:ISBN dbt:Reflist dbt:Use_Australian_English dbt:Use_dmy_dates
has abstract	Capital gains tax (CGT), in the context of the Australian taxation system, is a tax applied to the capital gain made on the disposal of any asset, with a number of specific exemptions, the most significant one being the family home. Rollover provisions apply to some disposals, one of the most significant of which are transfers to beneficiaries on death, so that the CGT is not a quasi estate tax. CGT operates by treating net capital gains as taxable income in the tax year in which an asset is sold or otherwise disposed of. If an asset is held for at least 1 year then any gain is first discounted by 50% for individual taxpayers, or by 33.3% for superannuation funds. Capital losses can be offset against capital gains. Net capital losses in a tax year cannot be offset against normal income, but may be carried forward indefinitely. Personal use assets and collectables are treated as separate categories and losses, which are quarantined so they can only be applied against gains in the same category, not other gains. This works to stop taxpayers subsidising hobbies from their investment earnings. (en)
prov:wasDerivedFrom	wikipedia-en:Capital_gains_tax_in_Australia?oldid=923686403&ns=0
page length (characters) of wiki page	34933 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Capital_gains_tax_in_Australia
is Link from a Wikipage to another Wikipage of	Paul Keating Capital gains tax in australia Income Tax Assessment Act 1936 Income tax in Australia Bottom of the harbour tax avoidance 1985 in Australia Slutzkin v Federal Commissioner of Taxation Federal Commissioner of Taxation v Peabody Capital gains tax in Australia Home ownership in Australia Australian property bubble Negative gearing in Australia Taxation in Australia Taxation of superannuation in Australia
is Wikipage redirect of	Capital gains tax in australia
is foaf:primaryTopic of	wikipedia-en:Capital_gains_tax_in_Australia

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