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Step 1 Types of CGT assets and CGT events

Last updated 30 August 2010

Certain capital gains and capital losses (that is, collectables and personal use assets) are treated differently when calculating your net capital gain or net capital loss. See chapter 1 in part A for explanations of these assets and how they are treated under capital gains tax.

The records of your CGT events need to be separated into the following three categories:

  • collectables (for example, jewellery)
  • personal use assets (for example, a boat you use for recreation)
  • other CGT assets or CGT events, including distributions of capital gains from managed funds.