How Does Capital Gains Tax Work In Australia?

Australia has a tax called the capital gains tax (CGT) that is levied on the gain made by selling an asset after it has appreciated. Real estate, stocks, and managed funds are all included in this. The tax due is the difference between the purchase price and the selling price, less any applicable rebates and exemptions. The capital gains tax […]

What Is Considered A Large Tax Refund

When it’s time to do your taxes, the thought of getting a big refund can be very exciting. But what, exactly, makes a tax refund “large”? How much money is it? A few hundred or a few thousand? The truth is that what one person thinks is a big tax refund may not seem that big to someone else. The […]