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  • What records do you need to keep?



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

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    • You must keep records of every act, transaction, event or circumstance that can reasonably be expected to be relevant to working out whether you have made a capital gain or capital loss from a CGT event. It does not matter whether the CGT event has already happened or may happen in the future.
    • The records must be in English or be readily accessible or convertible to English.
    • The records must show:
      • the nature of the act, transaction, event or circumstance
      • the day when it happened
      • who did the act or who were the parties to the transaction
      • how the act, transaction, event or circumstance is relevant to working out the capital gain or loss.

    The following are examples of records that you may need to keep:

    • receipts of purchase or transfer
    • details of interest on money you borrowed
    • records of agent's, accountant's, legal and advertising costs
    • receipts for insurance costs and land rates or taxes
    • any market valuations
    • receipts for the cost of maintenance, repairs or modifications
    • accounts showing brokerage on shares.
    Last modified: 18 Sep 2009QC 18323