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  • 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