Introduction to capital gains tax

Contents: Introduction to capital gains tax

Contents: Introduction to capital gains tax

Overview

Acquiring and owning CGT assets

Date of acquisition

Joint ownership

Record keeping for CGT

Records relating to inheritance

Selling an asset and other 'CGT events'

Types of CGT events

Timing of a CGT event

Compensation payments

Residency and CGT events

Working out your capital gain/loss

Working out your capital gain

Working out your capital loss

Working out your net capital gain/loss

CGT exemptions, rollovers and concessions

Exemptions

Rollovers

Small business CGT concessions

Your home and other real estate

Timing of a real estate CGT event

Selling your home

Dwellings, adjacent land and associated structures

Keeping records of costs associated with your home

Keeping records for an inherited main residence

Selling your rental property

Shares and units

CGT events affecting shares and units

Records relating to shares and units