31/08/2026
Put simply, CGT isn’t a separate tax. It’s the income tax you pay on the profit you make when you sell or dispose of an asset.
This includes things like:
🏠 rental properties
📉 shares
💻 crypto assets.
If you dispose of an asset (meaning, you stop owning it) a CGT event may occur. That’s when you’ll need to report a capital gain or capital loss in your tax return.
Capital gain: will increase the tax you need to pay.
Capital loss: can be used to offset other capital gains you make in the future. This will reduce the tax you need to pay, so don’t forget to report these!