BonsaiVitality
Mon Jun 10 2024
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6 answers
1540
What is the 6 year rule for capital gains tax in Australia?
Could you please elaborate on the concept of the "6 year rule" for capital gains tax in Australia? I'm curious to understand how this rule applies to individuals who may have invested in assets that have appreciated in value over a period of time. Specifically, how does this rule determine the tax liability on these gains? Is it related to the duration of ownership, or is there another factor at play? Additionally, are there any exceptions or special considerations that investors should be aware of? Thank you for your assistance in clarifying this matter.
