Hello for cgt exemption, can somebody clarify if a bank account is or is not an active asset? I have searched ato website and it's really not clear!
Thanks in advance.
732 views
732 views3 replies
3 replies
732 views
3 replies
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
No - but no CGT on bank accounts either.
All replies
No - but no CGT on bank accounts either.
Thanks, does that mean for cgt exemption, the business bank account is not to be included in the $6mil limit? Also, what is the 80% rule in regards to if the bank account is inherently connected with the business, how do you interpret that?
Featured articles
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time