Capital gains tax update 2007-08 income year

Overview

This information is compiled by the Losses and Capital Gains Tax Centre of Expertise to make you aware of capital gains tax (CGT) developments during the 2007–08 income year.

This update is current as at 30 June 2008.

If you require details of CGT developments during previous income years, refer to:

• Capital gains tax update 2006-07
• Capital gains tax update 2005-06
• Capital gains tax update 2004-05, and
• Capital gains tax update 2003-04.

If you are accessing a Tax Office publication, please ensure you check its status and relevance.

• A current ATO interpretative decision (ATO ID) sets out the indicative view on an interpretative issue (see Practice Statement Law Administration PS LA 2001/8: ATO Interpretative Decisions).
• A public ruling provides the Commissioner’s interpretation of the law that the Commissioner administers and binds the Commissioner if the ruling applies to an entity and the entity relies on it (see Taxation Ruling TR 2006/10: Income tax, fringe benefits tax and product grants and benefits: public rulings).

Last Modified: Wednesday, 16 September 2009