5 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) that individuals receive.
The calculation of the tax payable of $10,280 for this individual for 2026/27 is shown in the second table.
| Taxable income | |
| Interest | $10,000 |
| Dividends | $14,000 |
| Franking credits | $6,000 |
| Net rent received | $25,000 |
| Capital gains < 12 mth | $15,000 |
| Capital gains > 12 mth | $10,500 |
| Taxable income | $80,500 |
| Tax bracket | Tax rate | Tax calculation | Tax payable |
| $0 - $18,200 | 0% | 0% x $18,200 | $0 |
| $18,201 - $45,000 | 15% | 15% x $26,800 | $4,020 |
| $45,001 - $135,000 | 30% | 30% x $35,500 | $10,650 |
| Gross tax payable | $14,670 | ||
| Medicare levy | 2% x $80,500 | $1,610 | |
| Less franking credit | ($6,000) | ||
| Net tax payable | $10,280 | ||
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