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Acquiring CGT assets

Last updated 5 October 2009

Generally, you acquire a CGT asset when you become its owner. You may acquire a CGT asset as a result of:

  • a CGT event happening (for example, the transfer of land under a contract of sale)
  • other events or transactions happening (for example, a company issuing shares, where their issue is not a CGT event), or
  • applying specific rules (for example, if a CGT asset passes to you as a beneficiary when someone dies).