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Cessation of residency

Last updated 5 October 2009

CGT event

Time of event

Capital gain

Capital loss

I1 Individual or company stops being an Australian resident

when the individual or company stops being an Australian resident

for each CGT asset the person owns, its market value less its cost base

for each CGT asset the person owns, its reduced cost base less its market value

I2 Trust stops being a resident trust

when the trust ceases to be a resident trust for CGT purposes

for each CGT asset the trustee owns, its market value less its cost base

for each CGT asset the trustee owns, its reduced cost base less its market value

QC27417