Capital gains tax (CGT) checklist overview

The Capital gains tax checklist will help you to assess possible CGT implications for your clients. The checklist has been designed for use by tax agents within their practices. It outlines common scenarios where CGT applies to individuals and small businesses but it is not intended to be an exhaustive list of circumstances where CGT applies.

You can complete a printed copy of the checklist when preparing your clients' returns and we recommend that the checklist be printed via the printable version option. The checklist can also be copied and pasted to a word document for further use within your practice.

Some questions in the checklist are intended to highlight the possibility of a capital gain or loss arising in the current year, and others to alert you to the possibility of a CGT exposure in the future and the need to keep appropriate records. A yes response to any of these questions could indicate that CGT applies and should be investigated.