Show download pdf controls
  • Key impacts on CGT



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Where the TOFA rules apply, they will have the following key impacts on CGT:

    • They may operate to modify the cost base or capital proceeds of a CGT asset.
    • A capital gain or capital loss made from a CGT asset that is a financial arrangement may be disregarded.
    • Certain gains and losses from hedging financial arrangements may be taxed under the CGT rules.
    Last modified: 08 Jul 2013QC 25657