I'd like to know how much Capital Gain Tax (CGT) an Australian citizen pays if he sells stocks he held for decades after he reaches pension age. My understanding at the moment is that he pays no CGT, but I'd like to confirm.
Thanks!
Hi @CFFF
It will be based on the net capital gain, and the overall level of income they have. They will be taxed according to their marginal Individual income tax rate.
Hi @CFFF
It will be based on the net capital gain, and the overall level of income they have. They will be taxed according to their marginal Individual income tax rate.
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