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