General exemptions



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

End of attention

A capital gain or loss you make from the following is disregarded:

  • a car - that is, a motor vehicle designed to carry a load of less than 1 tonne and fewer than 9 passengers - and a motor cycle or similar vehicle
  • a decoration awarded for valour or brave conduct, unless you paid money or gave any other property for it
  • collectables acquired for $500 or less and personal use assets acquired for $10,000 or less
  • CGT assets used solely to produce exempt income
  • compensation or damages you receive for any wrong or injury you suffer in your occupation
  • compensation or damages you receive for any wrong, injury or illness you or your relatives suffer
  • compensation you receive under the firearms surrender arrangements
  • winnings or losses from gambling, a game or a competition with prizes
  • an amount you receive as reimbursement or payment of your expenses under the General Practice Rural Incentives Program or the Sydney Aircraft Noise Insulation Project
  • a CGT asset which is your trading stock at the time of a CGT event
  • a re-establishment grant made under section 52A of the Farm Household Support Act 1992
  • a reimbursement or payment made under the M4/M5 Cashback Scheme
  • plant if the CGT event occurs after 11.45 am on 21 September 1999.
Last modified: 18 Sep 2009QC 18323