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  • Chapter 2-How to work out your capital gain or capital loss



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

    End of attention

    This chapter explains how to work out your capital gain or capital loss and calculate your net capital gains tax obligation.

    The capital gain or loss worksheet provided in this guide shows three methods of calculating a capital gain: the indexation method, the discount method and the 'other' method. You are not obliged to use this worksheet, but you may find it helps you calculate your capital gain or capital loss for each CGT event.

    You make a capital loss if your reduced cost base is greater than your capital proceeds-the excess is the amount of your capital loss.

    Note New terms

    If there are terms in this chapter that are not familiar to you, refer to the Explanation of terms in this guide.

    Last modified: 31 Aug 2010QC 16195