CGT Accountant Melbourne

Get the facts on asset sales tax with a CGT accountant

Here in Australia, you can’t sell off a big asset like your business without being taxed, but it can be a little less frustrating if you know what you’re up for from the start. Capital Gains Tax is the tax you pay when you make a financial gain on selling an asset (your home is exempt from this). While it might sound simple, it can become very complex, which is why having an accountant specialising in capital gains tax is incredibly valuable. As a leading CGT accountant in Melbourne, PCR Accounting & Advisory can assist with all of your CGT accounting needs.

—— Simplify Capital Gains Tax with a CGT Accountant 

Your CGT payment will vary, depending on:

  • How long you have held the asset
  • Whether or not you made improvements
  • If depreciation is claimed
  • If it is a small business

Here at PCR Accounting & Advisory, we are an accountant specialising in capital gains tax services. With a dedicated CGT accountant from PCR, you can get the CGT help you need to know what you have to pay and when, so you’ll be on the road to success. 

If you expect you have made a significant capital gain in a financial year it is important to get advice from a professional CGT accountant to discuss how to manage it so that you don’t end up with any unnecessary taxes. Need help with business tax? In conjunction with our capital gains tax services, we offer specialist business tax planning services.

Tailored CGT Accounting for Businesses

Capital gains tax only applies to the sale of specific assets such as a business or investment properties, whereas your principal home, personal car or assets acquired before the 20th of September 1985, are exempt.

  • Fortunately, if it is a small business you have sold, there is a whole range of CGT concessions possibly available to you and options such as buying another asset to defer your capital gains or putting some into super to avoid paying capital gains tax. With our dedicated capital gains tax services, you can feel prepared to sell your business.

Capital gains tax is paid each year and, contrary to what it might imply, isn’t actually a separate tax. It forms part of your assessable income and is payable as part of your income tax each year.

  • However, if you make a capital loss you won’t have to pay capital gains tax, but it is important to note that it is unable to offset tax on any other income, and is instead ‘carried forward’ to offset capital gains in future income years.
    CGT applies when you sell an asset, but can also happen if the asset is given away, destroyed or lost, or you are no longer an Australian resident. Our CGT accountants can make sure you’re paying it properly and help avoid any unwelcome surprises.

Calculating your capital gains tax is complex, but there may be discounts and options like indexation which may be applicable, so it’s important to have a CGT accounting professional walk you through it and explore every avenue so you don’t waste money on tax unnecessarily or miscalculate your expected tax. PCR offer tailored CGT services for small business, so contact us today.

Not all capital gains are tangible, which is where this can get confusing. There can be a lot of intricate details in an event where you are only selling a part of the business, buying out a partner, altering your business structure and receiving compensation for lost or destroyed assets. Our dedicated CGT accounting will make sure all your bases are covered correctly.

CGT help from the best CGT accountant Melbourne

There is a reason why we are one of the best accounting firms for CGT accounting in Melbourne; our CGT specialists can calculate your estimated capital gains tax quickly and accurately to alleviate stress and avoid any unwelcome CGT surprises.

To calculate CGT, you need to be sure your records are organised and up to date. This includes:

Sale contract/s
Receipts of initial and ongoing expenses
Loan and borrowing records
Interest payment records

Why choose PCR as your CGT accountant?

 We are an honest, no nonsense advisory and coaching team who tell it like it is.

We are an honest, no nonsense advisory and coaching team who tell it like it is.

 We help you assess your finances and navigate the sales process of your assets.

We help you assess your finances and navigate the sales process of your CGT assets.

 We show you how you can predict your CGT, pay it right and get the most out of your profits.

We show you how you can predict your CGT, pay it right and get the most out of your profits.

The best way to approach your capital gains tax is with a professional CGT accountant. Need CGT help? Get it sorted today with a CGT accountant from PCR so you can feel confident that your capital gains tax is calculated and paid correctly.

Stop tearing your hair out year on year wondering how to work out tax yourself, simply get in touch with the capital gains tax accountants at PCR Accounting & Advisory today and ask us how our CGT services can take your business to the next level.
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    Melbourne: 03 9847 7516

    Morwell: 03 5134 1778



    Suite 98, Level 27/101 Collins St, Melbourne VIC 3000

    26 Buckley Street, Morwell Vic 3840