CGT Articles

What is CGT Event G3? CGT event G3 is relevant where an appointed liquidator or administrator makes a declaration that the shareholders of a company, or shareholders of a relevant class of shares, have no likelihood of receiving any further distribution in relation to...

Contents Capital gains tax   The interplay between roll over relief and the main residence exemption   The interplay between roll over relief and the CGT discount   The interplay between roll over relief and the small business CGT concessions   The potential...

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   ...

What is CGT event G1?   CGT event G1 addresses a situation where a company makes certain payments to a shareholder.   Specifically, the requirements are that:   The company makes a payment to a shareholder in respect of share owned; and   The payment is not in...

 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...

What is CGT event A1?   CGT event A1 addresses a situation where a taxpayer disposes of a CGT asset.   A taxpayer disposes of a CGT asset where there is a change of ownership over the CGT asset.    There will generally not be a disposal where the taxpayer ceases to be...

CGT event D1 concerns the creation of contractual or other rights in another entity. Conversely, CGT event C2 concerns the cancellation, surrender or ending of a right. The somewhat connected nature of these CGT events means these are suited to being addressed...

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...

What is CGT Event E4?   CGT event E4 establishes a trigger for capital gains tax in a situation where a payment is made by the trustee of a trust to a beneficiary of that trust (in respect of an interest that beneficiary holds in the trust) where any part of that...