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Capital gains tax (CGT)

CGT events affecting shares and units
You may have to pay tax on any capital gain you make on shares or units when a CGT event happens, such as when you sell them or even when you dispose of them involuntarily such as where a company in which you hold shares is taken over by or merges with another company.
Capital gains
You must include any net capital gain you make during the income year in your assessable income. You may make a capital gain or loss if you dispose of a business asset – such as your business premises, goodwill, or rights or licences – by way of sale, gift or transfer.
Capital gains tax
Capital gains tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, just part of your income tax. Selling assets such as real estate, shares or managed fund investments is the most common way you make a capital gain (or capital loss).
Capital gains tax property exemption tool
If you had sole or joint ownership of a property that you sold or are going to sell (or otherwise dispose of), this tool will help you work out what portion of your capital gain is exempt from capital gains tax.
Foreign residents and temporary residents
There are special capital gains tax (CGT) rules that apply if you are a foreign resident or if you become, or cease being, a resident of Australia for tax purposes. There are also special rules for temporary residents.
Making choices and requesting extensions
There are a number of provisions in the capital gains tax (CGT) laws that allow you to make a choice. This information outlines some of the more common CGT choices for individuals and explains how to make a choice under the CGT rules.
Norfolk Island tax and super
The sharing economy and tax
The sharing economy is a way of connecting buyers and sellers. The same tax rules apply to the sharing economy as they apply to the rest of the economy.