Capital Gains Tax
Our Newcastle-based Accountants office, founded by Director Gavin Bottrell in June 2012, offers a range of services, including accounting, capital gains tax, business advice, and business growth to small, medium, and large businesses as well as individuals in the Newcastle Region.
Our Newcastle accounting professionals offer a range of services including accounting, tax, business advice, and business growth to small, medium, and large businesses as well as individuals in the Newcastle Region.
What assets are subject to Capital Gains Tax
Capital Gains Tax (CGT) is a tax imposed on the capital gain, or profit, made from the sale of a capital asset. This includes assets such as property, shares, cryptocurrency, managed funds, and collectibles.
Real Estate
Capital gains tax may be applicable when selling investment properties or any real estate, including your primary residence if certain conditions are not met
Shares & Other Securities
GT can be triggered when selling shares, bonds, options, or any other type of securities that have increased in value since their purchase.
Cryptocurrency
Profit from the sale of cryptocurrencies such as Bitcoin or Ethereum is subject to capital gains tax, as these digital assets are treated as property for tax purposes.
Managed Funds
Capital gains tax may be imposed when selling units in a managed fund, including both Australian and international funds.
Collectible Items
CGT may apply to the sale of collectible items such as artwork, coins, jewellery, antiques, and other valuable possessions.
Business & Depreciable Assets
Capital gains tax can be levied on the sale of business assets such as goodwill, trademarks, patents or depreciable assets such as machinery, vehicles, equipment and other business-related assets
What do I need to know about Capital Gains Tax?
When it comes to reporting a Capital Gain to the Australian Taxation Office (ATO), it must be reported within the financial year in which the asset was sold. It is reported within the asset owner’s tax return, such as individual, company, unit trust, discretionary trust, family trust & SMSF (Self Managed Superfund). Each structure has different tax treatment & offsets, it is important to obtain expert advice to minimize your tax liability.
Other Tax Services in Newcastle
With a team of experienced business tax advisors, we offer a comprehensive range of tax assistance, including tax planning, preparation, and compliance.
Accounting & Taxation
Maximize profits, minimize stress. Trust Bottrell Accounting for expert tax advice and personalized accounting solutions.
Personal Tax Returns
Maximize your tax savings with Bottrell Accounting! Trust our experts for accurate and efficient personal tax returns.
Business Tax Returns
Maximize your business tax returns with Bottrell Accounting - trusted experts in tax planning and compliance.
Tax Advice
Unlock financial success with expert tax advice from Bottrell Accounting, your trusted partner in financial planning.
Tax Planning
Maximize your returns and minimize tax liabilities with expert tax planning services from Bottrell Accounting.
Tax Structuring
Optimize taxes, maximize savings. Bottrell Accounting - experts in strategic tax structuring for better financial outcomes.
How can our expert Capital Gains Tax Accountants help?
Our experienced team offers a range of valuable services to empower and guide your new business in newcastle on the path to success. From capital sourcing and strategic planning to branding, marketing, and customer acquisition, we provide a holistic approach to support every aspect of your business.
Let us assist you in navigating the challenges and maximizing opportunities specific to your local market, ensuring a strong foundation for sustainable growth and profitability.
Award Winning Newcastle-based Accountants
We are a trusted and experienced team of accounting and financial professionals dedicated to helping both individuals and businesses thrive. With our comprehensive range of services, including tax planning, bookkeeping, wealth management, and financial planning, we provide tailored solutions that align with your unique goals and objectives.
Our commitment to expertise, integrity, and personalized service ensures that you can confidently rely on Bottrell Accounting and Financial Planners for all your financial needs. Let us empower you to make sound financial decisions and achieve financial success.
Newcastle-based Chartered Accountants
What is a Chartered Accountant and what makes them different?
As chartered accountants, we are dedicated to providing professional and reliable financial services to individuals and businesses. With our expertise in accounting, taxation, and financial planning, we strive to help our clients achieve their financial goals and navigate complex financial challenges.
We are easily accessible by car, with parking available. Our team of experienced professionals is dedicated to helping businesses, families, and individuals in the Newcastle and Hunter region reach their full potential and achieve financial success.
At Bottrell Business Consultants, we offer a wide range of services, including accounting, tax, business coaching, financial planning, and marketing. Please contact us at 02 4027 5782 or by email at office@bottrellaccounting.com.au to schedule a consultation and learn how we can help you. Our office is open Monday to Friday, 8:00 am to 5:30 pm (AEST).
Contact Us
Contact us at @ Maitland Accountants
- 02 4027 5782
- 02 4933 0684
- office@bottrellaccounting.com.au
- 93 Lawes St, East Maitland
