TaxConnections

Login | TAXPAYERS | TAX PROFESSIONALS-START HERE
Ask Tax Question

What is the Capital gains tax improvement threshold, how is it applied?

Property?
Capital Gains
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Anthony Campisi
CGT is always are complex area,In relation to Capital Gains Tax (CGT) Improvement Thresholds, Certain improvements to pre-CGT assets will be deemed to be separate post-CGT assets where the cost base of the improvement (and 'related improvements') exceeds both the improvement threshold for the income year in which a CGT event happens in relation to the original asset (e.g., the sale of the asset) and 5% of the capital proceeds from the event. I hope this assists.
Leave a Comment 188 weeks ago



Meet Leading Tax Advisors

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

NEVER MISS AN ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Contact Us Today