Acquisition of CGT assets



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

End of attention

You may acquire a CGT asset as a result of:

  • a CGT event happening - for example, the transfer of land under a contract of sale
  • other events or transactions occurring - for example, the issue by a company of shares and their issue is not a CGT event
  • applying specific rules - for example, if a CGT asset passes to you as a beneficiary when an individual dies.
Last modified: 18 Sep 2009QC 18323