Show download pdf controls
  • Step 1-Decide whether a CGT event has happened



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

    End of attention

    CGT events are the different types of transactions or events which attract capital gains tax. Generally, a CGT event has happened if you have sold (or otherwise disposed of) a CGT asset during 2000-01. Other examples of CGT events include when a company makes a payment other than a dividend to you as a shareholder, or when a trust or fund makes a non-assessable payment to you as a unit holder.

    For the purposes of this guide, CGT assets include shares and units in a unit trust (including a managed fund).

    Also, if a managed fund makes a capital gain and distributes income to you, you are treated as if you made a capital gain from a CGT event.

    If you received shares as part of a demutualisation of an insurance company (for example, the NRMA), you may be subject to capital gains tax when you sell the shares.

    If you did not have a CGT event, print X in the NO box at label G item 17. If you had a CGT event, print X in the Yes box and read on.

    Last modified: 06 Oct 2009QC 16182