bO2 2021 Ch 8 Capital Gains Tax (CGT)

James Murphy Tax

Capital gains tax (CGT) is a tax on the realisation of an asset acquired after 19 September 1985. Capital gains apply when the realisation of the asset is not in the ordinary course of the taxpayer’s business. For example, the sale of a parcel of land by a property developer would be in the ordinary course of business and would ...

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