CGT Articles

CGT Event K5   What is CGT Event K5? CGT Event K5 deals with special collectable losses. It applies where all the following happen: a taxpayer owns shares in a company or an interest in a trust; and...

CGT Event E9     What is CGT Event E9? CGT Event E9 is where a taxpayer receives a payment for agreeing to hold future property on trust. At the time of the agreement, no potential...

CGT Event E8     What is CGT Event E8? CGT Event E8 broadly involves a situation where a beneficiary under a trust disposes of an interest in trust capital (or part of it) and where no money or...

CGT Event C3 What is CGT Event C3? CGT Event C3 involves a situation where a company or the trustee of a unit trust grants another entity or person an option to acquire shares, units or debentures...

CGT Event K6 What is CGT Event K6? Typically, capital gains tax is not applicable when a CGT event happens to a CGT asset acquired prior to introduction of the CGT regime on 20 September 1985. CGT...

CGT event K2 What is CGT event K2? If applicable, CGT Event K2 enables a taxpayer who has become bankrupt the opportunity to recognise a capital loss in respect of a debt repayment where: the...

CGT event C2 What is CGT event C2? CGT Event C2 is where a taxpayer’s ownership of an intangible CGT asset ends because the asset: Is redeemed or cancelled; Is released, discharged or satisfied;...

CGT event C1   What is CGT Event C1? CGT Event C1 is where a taxpayer owns a CGT asset which becomes lost or destroyed. The rules governing CGT Event C1 are contained in section 104-20 of the...

CGT event B1 What is CGT event B1? CGT event B1 involves a situation where a taxpayer enters into an agreement with another entity under which: the right to use and enjoyment of a CGT asset the...