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  • Bringing a CGT asset into existence

    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

    CGT event

    Time of event

    Capital gain

    Capital loss

    D1 Creating contractual or other rights

    when the contract is entered into or the right is created

    capital proceeds from creating the right less incidental costs of creating the right

    incidental costs of creating the right less capital proceeds

    D2 Granting an option

    when the option is granted

    capital proceeds from the grant less expenditure to grant it

    expenditure to grant the option less capital proceeds

    D3 Granting a right to income from mining

    when the contract is entered into or, if none, when the right is granted

    capital proceeds from the grant of right less the expenditure to grant it

    expenditure to grant the right less capital proceeds

    D4 Entering into a conservation covenant

    when covenant is entered into

    capital proceeds from covenant less cost base apportioned to the covenant

    reduced cost base apportioned to the covenant less capital proceeds from covenant

    Last modified: 06 Oct 2009QC 27417