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  • Cessation of residency

    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

    I1 Individual or company stops being an Australian resident

    when the individual or company stops being an Australian resident

    for each CGT asset the person owns, its market value less its cost base

    for each CGT asset the person owns, its reduced cost base less its market value

    I2 Trust stops being a resident trust

    when the trust ceases to be a resident trust for CGT purposes

    for each CGT asset the trustee owns, its market value less its cost base

    for each CGT asset the trustee owns, its reduced cost base less its market value

    Last modified: 06 Oct 2009QC 27417