AYN alcyone resources ltd

"Capital gains tax in Australia is part of the income tax system...

  1. jn
    317 Posts.
    "Capital gains tax in Australia is part of the income tax system rather than a separate tax. Net capital gains (after concessions are applied) are included in a taxpayer's taxable income and taxed at marginal rates."

    http://en.wikipedia.org/wiki/Income_tax_in_Australia#Capital_Gains_Tax

    Assuming zero income, does this mean the first $6000 in capital gains are not taxed at all?
 
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