• What is a CGT asset?

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    Many CGT assets are easily recognisable - for example, land, shares in a company, and units in a unit trust. Other CGT assets are not so well understood - for example, contractual rights, options, foreign currency and goodwill. All assets are subject to the CGT rules unless they are specifically excluded.

    CGT assets fall into three categories:

    • collectables
    • personal use assets, and
    • other assets.
    Last modified: 04 Mar 2016QC 27527