CGT Articles

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...

CGT Event H2   CGT Event H2 is where an act, transaction or event occurs in relation to a CGT asset owned by a taxpayer and that act, transaction or event does not result in an adjustment being...

CGT Event E1 What is CGT Event E1? CGT Event E1 deals with a situation where a taxpayer creates a trust over a CGT asset by way of declaration or settlement. The rules dealing with CGT Event E1 are...

CGT Event K7   What is CGT Event K7? CGT Event K7 is where a balancing adjustment event occurs for a depreciating asset held by a taxpayer that was at some time used (or installed ready for...