Shares and units

Shares in a company or units in a unit trust (including a managed fund) are treated in the same way as any other CGT asset. CGT applies to capital gains on shares or units when a CGT event happens, such as when you sell them (unless you acquired them before CGT started on 20 September 1985).

Profits on the sale of shares made as part of a business of share trading are included as ordinary income rather than as capital gains.

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Last modified: 10 Jun 2015QC 22173