Tax and Structures
Comparison of all entities
Tax for individual
You will see the taxable income for the individual in the first table.
The one item to note is that the capital gain for investments held more than 12 months is halved due to the 50% CGT discount ($10,500).
The calculation of the tax payable of $12,240 for this individual for 2023/24 is shown in the second table.
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