• Capital gain or capital loss on death is disregarded

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    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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    There is a general rule that CGT applies to any change of ownership of a CGT asset, unless the asset was acquired before 20 September 1985 (pre-CGT).

    There is a special rule that allows any capital gain or capital loss made on a post-CGT asset to be disregarded if, when a person dies, an asset they owned passes:

    • to their legal personal representative or to a beneficiary, or
    • from their legal personal representative to a beneficiary.
    Last modified: 04 Mar 2016QC 27527