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How is capital gain taxed in Australia?

Capital gains in Australia are subject to taxation under the Capital Gains Tax (CGT) regime. If you’ve owned the asset for over 12 months, you may qualify for a 50% CGT discount on the gain, with the remaining 50% added to your taxable income and taxed at your marginal rate. Capital losses from other investments can offset capital gains, and any excess losses can be carried forward. There are exemptions for primary residences, concessions for small businesses, and different tax rates for superannuation funds. For accurate guidance in navigating the complexities of CGT, it’s advisable to consult a tax professional or accountant, such as Investax Accountants, as tax laws may change over time.