Capital Gains Tax (CGT) in Australia is a tax applied to the profit made when an asset, such as real estate, shares, or other investments, is sold for more than its purchase price.
The profit is considered a capital gain and must be declared in your income tax return. CGT is not a separate tax but part of your income tax. Australians may be eligible for discounts if the asset was held for at least 12 months. Certain assets, like your primary residence, may be exempt.
For more information visit ato.gov.au