Taxation · Lesson 14 of 14

Capital gains tax and the withholding tax system

Apply the 6% capital gains tax to the higher of gross selling price and fair market value, tax the net capital gain on unlisted shares at 15%, keep listed shares out of income tax entirely, prorate the principal residence exemption by the unutilised portion, and separate a final withholding tax from a creditable one.

19 min read · Super Ea