Capital Gains Tax

Capital gains tax in Australia is a tax levied on the profit made from the sale of a capital asset, such as real estate or shares, and is calculated based on the difference between the cost of the asset and its selling price. Capital gains may be taxed at a lower rate than regular income, and certain exemptions and concessions may apply.

February 25, 2023 / Last updated : October 12, 2024 Geoff Merritt Capital Gains Tax

Demutualisation of Insurance Companies

I have compiled a list of companies that demutualized more than 20 years ago, during the last century. It’s hard to believe, but I feel old typing this because I received an allotment of AMP shares at that time. Since I first added this information to my website in 2008, a lot has changed, and […]

February 15, 2023 / Last updated : October 12, 2024 Geoff Merritt Capital Gains Tax

Telstra Shares – Cost Base for Capital Gains

Are you a Telstra shareholder looking to sell the shares that you purchased as one of their public offers? Telstra 1 If you purchased Telstra 1 Shares in 1997, your original instalment was $1.95 on 3/11/1997, and the second instalment of $1.35 was on 13/11/1998. The total purchase price was $3.30 bought on 3/11/1997. Telstra […]