If an Australian resident owns a collection of natural Australian gold nuggets and they sell those unrefined/non-bullion/natural gold nuggets within Australia,
do they have to declare their sale/s of those unrefined/natural gold nuggets to the Australian Taxation Office ?
Hi @TAHM8,
Did they pay more than $500 for the gold? If so, a capital gains tax, (CGT) event will happen when they sell it.
If they're in business of trading in gold, they'll need to declare the income on their tax return.
Check out the information on our web site that talks about collectables.
Hi @TAHM8,
Did they pay more than $500 for the gold? If so, a capital gains tax, (CGT) event will happen when they sell it.
If they're in business of trading in gold, they'll need to declare the income on their tax return.
Check out the information on our web site that talks about collectables.
If they did not pay for the gold nuggets, and also if they are not in the business of trading in gold, does capital gains tax apply?
21 May 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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