CGT event |
Time of event |
Capital gain |
Capital loss |
|---|---|---|---|
G1 Capital payment for shares |
when the company pays a non-assessable amount |
payment less cost base of shares |
no capital loss |
G2 Shifts in share values |
when the shift happens |
the decrease in the shares' market value (so far as it has shifted into certain other shares) less the corresponding proportion of the shares' cost base |
no capital loss |
G3 Liquidator declares shares worthless |
when the liquidator makes the declaration |
no capital gain |
shares' reduced cost base |
Shares
Last updated 5 October 2009
QC27417