CGT Articles

Contents What is CGT event K4? Who does the CGT event apply to?   What time does the CGT event happen?  How to make a CGT event K4 election under section 104-220?  How to calculate the capital gain or capital loss on conversion?   What if a K4 election is not made?  ...

 Contents What is CGT event I1?   What time does CGT event I1 occur?   How to calculate the capital gain or loss?     Exception for Taxable Australian Property  Election to defer CGT   The amount of unrealised gain at the time the taxpayer becomes a non-resident   ...

Contents What is CGT event G1?   What time does the CGT event happen?   Who does the CGT event apply to?   How is the capital gain or capital loss calculated?   How to calculate the non assessable part?   Foreign Residents and CGT event G1   Pre CGT asset   Other...

 Contents What is CGT event K3?   The basic tax rule for assets passing to a beneficiary of a deceased estate  What time does the event occur?   How to calculate the capital gain or loss?   Who does the CGT event occur to? Exempt entity    The trustee of a complying...

Contents What is CGT event A1?   The time of CGT event A1  How to calculate the capital gain or capital loss?   Examples of CGT event A1  Examples where CGT event A1 does not occur   Which entity experiences the CGT event?   When a CGT asset is an asset held on...

Contents CGT Event D1 What causes CGT event D1 to be triggered?   At what time does the CGT event happen?   How to calculate the capital gain under the CGT event?   Instances where the CGT event should not occur   Instances where the capital gain should be...

Contents Foreign Exchange Gains and Losses Division 775 of the ITAA 1997   FRE 1 – FRE 8 Alterations to above rules  Subdivision 960-C and 960-D of the ITAA 1997   Foreign Exchange Gains and Losses  A taxpayer may make a windfall gain or loss due to fluctuations in...

Contents What is CGT Event E4?   What Time Does the CGT Occur?   How is the Capital Gain Calculated   Discounting the Capital Gain Made Under CGT Event E4  Common Inclusions in the Non Assessable Part  The Risk of Double Taxation  Instances Where the CGT Event Will...

The tax consequences of creating a life interest and a right to reside are set out in Taxation Ruling 2006/14. In respect of life interests, it is worth understanding from the outset that there are two distinct forms of life interests: equitable and legal. An...

Contents Eligibility Significant stakeholders Common stakeholders Impact of rollover on shareholders (original interest holders). Impact of rollover on acquirer The scrip for scrip rollover is designed to enable the exchange of shares in a company or units in a trust...