A capital gains tax applies on the sale of an asset. Long-term gains are usually taxed at 0%, 15%, or 20%, depending on your income, while short-term gains are taxed at your regular income tax rate.

Sold a piece of ancestral land recently? Or perhaps some old jewellery that had been sitting in a locker for years? The ...

Most investors selling property, shares and other assets will pay more tax once the new model to index the cost base of an asset to inflation is bedded down.

The government is poised to make changes to negative gearing, the capital gains tax discount, and the tax treatment of trusts in next week's federal budget. So how do they work, and what could the ...