Capital Gain Tax - Economos

Capital Gains Tax

“Capital gains tax law becomes more complex with the more assets you own. When you sell those assets, you need an experienced team to help you find concessions that may help you save money. Economos has that experience—and we’ve proven it with a large list of satisfied clients through the years.”

When you sell assets whose value is greater than that which you paid for them, you owe capital gains tax (CGT) at income tax time on the capital gain (the net difference in value). It’s usually more complicated than that. Often, people are not aware of all the CGT discounts, goodwill or concessions for which they are eligible and miss out applying these discounts that would reduce their payable tax. That’s where we come in. Economos’ team of trained accountants can help you find every discount or concession that you would be legally entitled to claim on your returns—saving you a lot of money in the process. Instead of opening yourself up for loss of income or tax penalties, contact the CGT tax professionals at Economos Tax Accountants to help calculate what you owe accurately.

Capital Gains Tax Services with Economos Accountants

With clients that range from sole traders to Sydney subsidiaries of huge global corporations, Economos’ capital gains tax professionals have a wide range of experience in calculating capital gains tax—and finding you every concession and discount you are eligible for. When you work with us, we drop the jargon and speak to you in simple language, so you can understand the tax implications and how this affects your business cash. We go way beyond serving as a simple capital gains tax calculator to become your trusted advisor—looking at every angle you can use to minimise your tax burden. Whether you owe capital gains tax on investment property or on other assets, our team of well-trained accountants can help.

• Capital Gains Tax
• CGT Tax
• Capital Gains Tax Calculator
• Capital Gains Tax on Investment Property

Capital gains tax laws offer plenty of exemptions, concessions, and discounts to eligible taxpayers. It takes a trained tax accountant—one who keeps up with all the latest legislative developments—to unravel the complex web of CGT tax law. There are many variables that affect your capital gains tax rate, so a capital gains tax calculator isn’t much good unless you have all the information you can get when you engage a reputable capital gains tax expert to assist you in your calculations. For an accurate estimate and accurate advice, contact the tax accountant professionals at Economos for an appointment to discuss your needs.

What Is Capital Gains Tax?
Capital Gains Tax Advisory Benefits
Why Trust Economos to Handle Your Capital Gains Tax?

Capital gains tax (CGT) is a component of your annual income tax that results from gains you make on the sales of your owned assets. Assets can include land, buildings, personal use items, collectables, as well as intangible business assets such as goodwill and options. Capital gains tax becomes even more complicated if you own assets jointly. If you own overseas assets, you must also count them in your CGT calculations in Australia.

Capital gains tax statutes are some of the more complex aspects of Australian income tax law. Consequently, people often miss opportunities to receive discounts, concessions, or exemptions which can adversely affect their cash flow come time to paying the ATO. Or worse, they don’t remember to jot down every asset they sold, resulting in an ATO audit and a subsequent penalty. When it comes to capital gains tax, Sydney business owners and individuals would be wise to seek the services of an experienced capital gains tax specialist or tax accountant to assist them with their tax returns.

With more than 35 years of experience in handling capital gains taxes for some of Sydney’s most respected companies, Economos has the knowledge to look through every tax statute to find ways to reduce your tax burden legally. Our friendly tax accountants will communicate with you in clear, easy-to-understand language, so you can empower yourself to better cash flow, investment and financial decisions concerning your business. Get it done with Economos and feel free to contact us with any of your capital gains tax (CGT) enquiries.