Capital Gains Tax (CGT) Services in Sydney & Australia-Wide
Selling a property, shares, or even cryptocurrency can be exciting—but it also comes with a potential Capital Gains Tax (CGT) bill. Many investors are caught off guard by how CGT is calculated, the exemptions available, and the strategies to reduce tax.
At Tax Essentials Bankstown, we provide expert CGT advice, preparation, and planning for clients in Sydney, NSW, and across Australia. Whether you’ve sold a family investment property in Bankstown, a rental unit in Parramatta, or shares in Melbourne or Brisbane, we ensure your CGT is reported correctly and you don’t pay a cent more than necessary.
The Problem with Capital Gains Tax
Without professional help, investors often:
Pay too much tax because they miss exemptions or discounts.
Confuse capital vs revenue gains and report incorrectly.
Fail to keep the right records, leaving them exposed to ATO audits.
Forget that crypto and digital assets also trigger CGT.
Struggle with timing sales for tax effectiveness.
A single mistake can mean thousands of dollars lost.
We help you manage every step of the process:
CGT Calculations – We calculate gains or losses on property, shares, businesses, and crypto.
Exemptions & Discounts – Applying the 50% CGT discount, small business concessions, and main residence exemptions where eligible.
Record Keeping – Ensuring your documents are ATO-compliant.
Pre-Sale Planning – Advising on when and how to sell assets for the best tax outcome.
ATO Lodgement – Reporting your CGT correctly in your tax return.
Real-Life Scenarios We Help With
Property Investors in Sydney
You bought an investment property in Bankstown for $500,000 and sold it for $800,000. Without correct planning, you could face a $300,000 taxable gain. We ensure exemptions (like partial main residence, costs of ownership, etc.) are applied to reduce the bill.
Shareholders in Melbourne
An investor sells $100,000 worth of shares but has previous capital losses. We ensure those losses are offset against gains to reduce tax.
Crypto Investors in Brisbane
A client trading Bitcoin didn’t realise each sale or trade triggered CGT. We organised their records, applied the 12-month discount, and reduced their liability significantly.
Who We Help
Property owners in Sydney suburbs like Bankstown, Liverpool, Parramatta, Hurstville, and Canterbury
Investors across Sydney CBD, North Sydney, and Chatswood
Shareholders and business owners across NSW and nationwide
Crypto and digital asset traders across Australia
Whether you’re selling your first property or running a large investment portfolio, our team provides Australia-wide CGT support.
Frequently Asked Questions about CGT
Q: What is Capital Gains Tax (CGT)?
It’s the tax you pay on the profit from selling an asset (property, shares, crypto, etc.).
Q: Do I always have to pay CGT on property?
Not always. If it’s your main residence, you may be exempt. Partial exemptions may apply if you rented it out.
Q: How can I reduce CGT legally?
Common methods include:
Owning the asset for more than 12 months (50% discount).
Offsetting capital losses against gains.
Using small business CGT concessions.
Q: Can you help if I live outside NSW?
Yes. We provide CGT services Australia-wide, with online consultations and lodgements.
Sold an asset and worried about Capital Gains Tax?
Professional CGT advice—local to Sydney, available nationwide.
- Phone: (02) 9793 1547
- Email: admin@taxessentials.com.au
- Location: 8 66/72 Rickard Rd, Bankstown NSW 2200