Chapter B1 How to work out your capital gain or capital loss
Chapter B2 Worked examples for shares and units
Chapter B3 Additional information for shares and units
Some terms in this section may be new to you. These words are explained in Definitions.
While we have used the word 'bought' rather than 'acquired' in some of our examples, you may have acquired your asset without paying for it (for example, as a gift, through an inheritance, through the demutualisation of an insurance company such as AMP, IOOF or NRMA, or a demerger such as the demerger of BHP Steel Ltd (now known as BlueScope) from BHP Billiton Limited).
Similarly, we sometimes refer to 'selling' an asset, although you may have disposed of it in some other way (for example, by giving it away or transferring it to someone else). All of these methods of disposal are CGT events.End of attention