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Last updated 3 March 2016

This guide is designed to help you work out whether any of the assets you own (or may own in the future), and any events that happen to you are subject to capital gains tax (CGT). Where they are, it tells you how to work out your capital gain or capital loss. It also covers what records you need to keep.

Consolidated income taxation of corporate groups

The rules that apply to members of a consolidated group modify the application of the capital gains tax rules. Consolidation is explained in detail in the Consolidation reference manual. To get other consolidation products, or if you have technical tax enquiries, phone the Tax Reform Infoline on 13 24 78 or visit

Unfamiliar terms

We may use some terms that you are not familiar with. These words are printed in red the first time they are used and explained in Explanation of terms. Generally they are also explained in more detail in the section where they first appear.

While we have sometimes used the word 'bought' rather than 'acquired', you may have acquired an asset subject to capital gains tax (a CGT asset) without paying for it (for example, as a gift or through an inheritance). Similarly, we refer to 'selling' such an asset when you may have disposed of it in some other way (for example, by giving it away or transferring it to someone else). Whether by sale or by any other means, all of these disposals are CGT events.