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  • Shares



    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

    G1 Capital payment for shares

    when the company pays a non-assessable amount

    payment less cost base of shares

    no capital loss

    G2 Shifts in share values

    when the shift happens

    the decrease in the shares' market value (so far as it has shifted into certain other shares) less the corresponding proportion of the shares' cost base

    no capital loss

    G3 Liquidator declares shares worthless

    when the liquidator makes the declaration

    no capital gain

    shares' reduced cost base

    Last modified: 06 Oct 2009QC 27417