TOFA rules apply instead of CGT rules

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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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Where the TOFA rules determine there is a gain or loss from your financial arrangement that is a CGT asset, a capital gain or capital loss that is made from a CGT event is disregarded. In general, this does not apply for superannuation entities, where CGT remains the primary code for calculating gains and losses from financial arrangements.