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).