The Australian Taxation Office has issued Tax Determination (TD) 2018/19, which provides that for the 2018-19 income year, the improvement threshold for capital gains tax (CGT) purposes is AUD 150,386. The threshold applies in relation to the CGT treatment of capital improvements to pre-CGT assets (those acquired before 20 September 1985). Such improvements are treated as separate assets and subject to CGT at the time the asset is sold (or other CGT event occurs) if the cost base of the impr…