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About this guide

Check when to use this guide.

Last updated 26 May 2016

The Personal investors guide to capital gains tax 2016 explains the capital gains tax (CGT) consequences of:

  • the sale or gift (or other disposal) of shares or units
  • the receipt of distributions of capital gains from managed funds
  • the receipt of non-assessable payments from companies or managed funds.

Who should use this guide?

Use this guide if you are a personal investor who has made a capital gain or capital loss from shares, units or managed funds in 2015–16.

Who should NOT use this guide?

Do not use this guide if you:

  • are an investor who is a foreign resident of Australia
  • have gains or losses included as part of your income under other provisions of the tax law, for example, if you are carrying on a business of share trading. See the fact sheet Carrying on a business of share trading.
  • are a resident investor who    
    • had a period of non-residency after 8 May 2012
    • had a CGT event that happened after 8 May 2012
    • have a discount capital gain.

For more information, see Capital gains tax (CGT) discount for foreign resident individuals.

The guide does not explain more complex issues relating to shares (including employee shares), convertible notes and units. Nor does it apply to shares and units owned by companies, trusts and superannuation funds.

Also, this guide does not cover your CGT consequences when you sell other assets such as:

  • a rental property
  • collectables (for example, jewellery, art, antiques and collections)
  • assets for personal use (for example, a boat you use for recreation).

For more information, see the Guide to capital gains tax 2016.

Publications and services

To find out how to get a publication referred to in this guide and for information about our other services, see More information.

Unfamiliar terms

Some of the terms used in this guide may be new to you. Specific terms are in bold when first used and are explained in Definitions.