Capital gains tax (CGT) is the type of tax which is calculated separately but is added to your income tax and in fact is part of it to be lodged. Capital gains are the surplus of proceedings received as a result of selling an asset compared with the purchase price. Consequently, if an asset is sold at a price lower than the purchase cost, it is called capital loss.

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Australian Federal Treasurer, Scott Marrison pictured a bright future for the national economy when talking about the Federal Budget 2017.

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How To Register Your Tax File Number (TFN)

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Goods and services tax is the tax on some of the goods sold or services delivered in Australia. The GST rate is 10% of the sales value of goods and services.

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Founded on July 1st 1998, Australian Prudential Regulation Authority (APRA) is the body who regulates and monitors the services of the financial institutes operating in Australia.

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