Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
BmiT(Newbie)Registered Tax Professional
21 Nov 2022

If I received interest on a settlement of a property that was purchased as a pre-CGT asset. Is the interest considered part of the sale proceeds of the property or is it considered interest income and taxed under general income?

623 views
1 replies
623 views
1 replies

Most helpful response

All replies

Featured articles

Tax tips for managing your side hustle

22 Apr 2024 · 6 min read time

Tax on gifts and inheritances

15 Apr 2026 · 5 min read time

How much tax should I pay on a second job? Claiming the tax-free threshold

15 Apr 2026 · 4 min read time

Top liked users

  1. Bruce4Tax

    (Taxicorn)

    3260 likes

  2. Taxduck

    (Taxicorn)

    2069 likes

  3. PayrollDeanne

    (Taxicorn)

    816 likes

  4. YellowPotato

    (Taxicorn)

    529 likes

  5. knaresbro

    (Devotee)

    364 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    10399contributions

  2. Taxduck

    (Taxicorn)

    4760contributions

  3. PayrollDeanne

    (Taxicorn)

    2061contributions

  4. YellowPotato

    (Taxicorn)

    1352contributions

  5. YEP

    (Devotee)

    837contributions

Loading
Intesest Received - Is it part of Proceeds of Capital Gain? | ATO Community