Show download pdf controls
  • Partnerships



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    It is the individual partners who make a capital gain or loss from a CGT event, not the partnership. In other words, any capital gain or loss from a CGT event that happens in relation to a partnership or one of its CGT assets is made by the partners individually.

    For capital gains tax purposes each partner owns a proportionate share of each CGT asset.

    Last modified: 18 Sep 2009QC 18323