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  • Step 1-Decide whether a CGT event has happened

    Attention

    Warning:

    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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    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