When selling shares, will a Capital Gain of $18,000 be tax free with no other income?

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 · Accepted Answer

BlakeATO · Answer

If you're an Australian resident for tax purposes, not a minor, and your total taxable income for the financial year is less than $18,200, then you will not be liable for income tax. This is under the tax-free threshold. Although it's called capital gains tax, this just changes the way you calculate your income from the amounts. It does not change the type of tax you pay on that income. :)

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