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  • Acquiring CGT assets



    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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    Generally, you acquire a CGT asset when you become its owner. You may acquire a CGT asset as a result of:

    • a CGT event happening (for example, the transfer of land under a contract of sale)
    • other events or transactions happening (for example, a company issuing shares, where their issue is not a CGT event), or
    • applying specific rules (for example, if a CGT asset passes to you as a beneficiary when someone dies).
    Last modified: 06 Oct 2009QC 27417