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Key impacts on CGT

Last updated 7 July 2013

Where the TOFA rules apply, they will have the following key impacts on CGT:

  • They may operate to modify the cost base or capital proceeds of a CGT asset.
  • A capital gain or capital loss made from a CGT asset that is a financial arrangement may be disregarded.
  • Certain gains and losses from hedging financial arrangements may be taxed under the CGT rules.