CGT Articles

CGT Event E7   What is CGT Event E7? CGT Event E7 is where the trustee of a trust disposes of a CGT asset of the trust to a beneficiary in satisfaction of the beneficiary's interest, or part of...

CGT Event E3   What is CGT Event E3? CGT Event E3 is when a trust (not a unit trust) which holds a CGT asset is converted to a unit trust. And just before the conversion, a beneficiary under...

CGT Event E2   What is CGT Event E2? CGT Event E2 involves a situation where a taxpayer transfers a CGT asset to an existing trust. This is distinct from CGT event E1 which applies where a...

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...