Part B: Sale of shares or units



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

End of 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.

    Last modified: 28 Jun 2013QC 28210