CGT Articles

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...

CGT Event J2 - J5 - J6       What are CGT Events J2, J5 and J6? CGT events J2, J5 and J6 are invoked in situations where a taxpayer utilises the small business CGT roll-over...

CGT Event G3   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...

CGT Rollover Relief – Relationship Breakdown   A taxpayer is subject to capital gains tax where a CGT event happens to a CGT asset they own.   When it comes to relationship breakdowns, one...

CGT event K4   What is CGT Event K4? CGT event K4 addresses a situation where a taxpayer that holds a CGT asset on capital account starts to instead hold that asset as trading stock. This is...

  CGT Event I1   What is CGT Event I1? CGT Event I1 addresses a situation where an individual or company owns CGT assets and ceases being an Australian resident for taxation purposes.   The rules...