• Acquisition of CGT assets

    Attention

    Warning:

    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