Capital Gains Tax

Capital gains tax can significantly affect the outcome of selling or transferring assets such as property, businesses, or investments. Understanding how CGT applies can help reduce uncertainty and support informed financial decisions.

We help:

  • Understand when capital gains tax may apply to a transaction
  • Identify exemptions, concessions, or rollovers that may be available
  • Plan asset disposals with greater clarity around tax outcomes
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4.9
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Award Winning Law Firm – Top Specialist Firm & Top Boutique Firm (Australasian Lawyer)

First class advice, service, and communication. I have had the pleasure of working with Velocity Legal for many years across a range of challenging matters and they never fail to impress.

Grant F

Their meticulous attention to detail, unwavering professionalism and strategic approach have delivered an outstanding result. Their level of service is nothing short of impressive.

Jack C

From the initial consultation to the final resolution, they provided exceptional
service and achieved an outstanding result for our case.

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We are an accounting firm that works closely with Velocity Legal on all our client's legal matters… Every client who works with their team is delighted and impressed by the clear advice, efficient communication, and seamless process.

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I highly recommend the team at Velocity Legal. They are extremely knowledgeable, professional, have an eye for detail and their work ethic is second to none.

Mark P

They provided so much support and guidance through the process and I felt like they genuinely cared about getting the right outcome for me. They obviously know their stuff but were able to explain things in a simple and clear way.

Natalie F

Approachable, honest, professional and transparent. An absolute pleasure to work with.

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4.9
74 Google Reviews
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We Understand What You Are Going Through

Capital gains tax issues often arise at important moments, such as selling a property, exiting a business, or restructuring investments. These transactions can involve substantial value and time pressure, making tax consequences feel particularly significant.

You may be unsure how a capital gain is calculated, whether exemptions apply, or how timing affects your tax position. These questions often sit alongside broader commercial, family, or succession planning considerations.

We understand how complex and uncertain CGT issues can feel. We help you work through how capital gains tax applies in your circumstances in a clear and practical way, so decisions are made with confidence.

Our Services Include

  • Advising on capital gains tax implications of asset disposals
  • Calculating capital gains and losses for property, business, and investments
  • Advising on CGT exemptions, concessions, and rollover relief
  • Supporting CGT planning for business sales and restructures
  • Advising on CGT issues arising in deceased estates
  • Assisting with CGT matters connected to family trusts and investment structures
Our Difference
Accountability & Expertise

Every matter we handle comes with full accountability. You’ll deal directly with an expert – every time, no exceptions.

In Your Shoes

Understanding your unique circumstances and goals - so our advice is practical, personal, and never given in a vacuum.

Transparency & Communication

We speak your language. That means plain, clear advice - what’s happening, why it matters, and what comes next.

50+
Australian Based Team
4,000+
Matters Expertly Handled
10+
Awards & Industry Recognition

Our Process

  1. Book Meeting
    Fill in contact form below or call our office to book an initial consult. You can choose between in-person or video conference.
  2. Get Advice

    You’ll discuss your situation in depth with a senior lawyer. This includes exploring your requirements, goals, and desired outcomes. You’ll walk away from this meeting with a clear understanding of the next steps.
  3. Achieve Outcomes

    Our legal team will work tirelessly to achieve your desired objectives. We work hard, communicate regularly, and pride ourselves on delivering results.
Contact
Take the First Step Today

You don’t have to figure this out alone. Book an initial consult with our expert legal team and get clear answers about your situation.

  • Transparent quotes (no ‘bill shock’)
  • Rapid response
  • Award winning team
Andrew Henshaw
Managing Director
Award Winning Law Firm – Top Specialist Firm & Top Boutique Firm (Australasian Lawyer)
Our Directors

Managing Director

Andrew Henshaw

Director

Greg Thomas

Director

Jess Hill

Director

Rajan Verma

Director

Seamus Ryan

Frequently Asked Questions
When does capital gains tax apply?
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Capital gains tax generally applies when an asset is sold, transferred, or otherwise disposed of. This can include property, shares, business assets, and certain interests in trusts.
How is a capital gain calculated?
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A capital gain is typically calculated by comparing the sale price of an asset with its cost base, taking into account allowable adjustments. The calculation depends on the specific asset and how it was acquired and held.
Are there exemptions from capital gains tax?
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Yes. Some exemptions or concessions may apply, such as the main residence exemption, small business CGT concessions, or rollover relief in certain circumstances. Eligibility depends on the asset and the transaction.
When is capital gains tax payable?
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Capital gains tax is generally reported in the tax return for the financial year in which the CGT event occurs. The timing of a transaction can affect when tax is assessed.
Can capital gains tax be planned for in advance?
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In many cases, early planning can influence CGT outcomes. Understanding how transactions are structured and timed can help manage exposure and reduce unexpected liabilities.

Take the First
Step Today

You don’t have to figure this out alone. Book an initial consult with our expert legal team and get clear answers about your situation.

  • Transparent quotes (no ‘bill shock’)
  • Rapid response
  • Award winning team
Book Consult
4.9
74 Google Reviews
Award Winning Law Firm – Top Specialist Firm & Top Boutique Firm (Australasian Lawyer)