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A Complete Guide to Capital Gains Tax (CGT) in Australia

Whether you have commercial real estate or planning to buy commercial real estate in Australia, it becomes essential for you to understand capital gains tax in the country. Capital Gains Tax (CGT) is the tax that the investors pay on the profit made from the sale of their property. In this new and latest presentation, we are going to share a complete and easy guide related to capital gains tax in Australia for commercial real estate investors. If you are a commercial real estate investor in the country, then you need to explore this presentation right now.

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A Complete Guide to Capital Gains Tax (CGT) in Australia

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  1. A Complete Guide to Capital Gains Tax (CGT) in Australia

  2. Here is a complete guide to CGT in Australia for commercial real estate investors.

  3. 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.

  4. How to Reduce CGT? 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.

  5. Make sure that you are aware of the CGT calculation and concessions to reduce the tax incurred on your profit.

  6. FOR MORE-1300 556 121 https://www.commercialproperty2sell.com.au/blog/2022/03/a-complete-guide-to-capital-gains-tax-(cgt)-i.php

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