What is Capital Gains Tax (CGT), and how does it apply to investment properties?
CGT is a tax on the profit made from the sale of an asset, including investment properties. If you sell an investment property for more than you paid for it, you may be subject to CGT. However, there are concessions and strategies available to minimize CGT, such as the 50% CGT discount for assets held longer than 12 months and the main residence exemption if the property was your main home for part of the time.
