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  • Part B: Sale of shares or units

    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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    Chapter B1  How to work out your capital gain or capital loss

    Chapter B2  Worked examples for shares and units

    Chapter B3  Additional information for shares and units

    Attention

    New terms

    Some terms in this section may be new to you. These words are explained in Definitions.

    While we have used the word 'bought' rather than 'acquired' in some of our examples, you may have acquired your asset without paying for it (for example, as a gift, through an inheritance, through the demutualisation of an insurance company such as AMP, IOOF or NRMA, or a demerger such as the demerger of BHP Steel Ltd (now known as BlueScope) from BHP Billiton Limited).

    Similarly, we sometimes refer to 'selling' an asset, although you may have disposed of it in some other way (for example, by giving it away or transferring it to someone else). All of these methods of disposal are CGT events.

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    Last modified: 29 Jun 2010QC 22892