Show download pdf controls
  • Capital gain or capital loss on death is disregarded



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    There is a general rule that CGT applies to any change of ownership of a CGT asset, unless the asset was acquired before 20 September 1985 (pre-CGT).

    There is a special rule that allows any capital gain or capital loss made on a post-CGT asset to be disregarded if, when a person dies, an asset they owned passes:

    • to their legal personal representative or to a beneficiary, or
    • from their legal personal representative to a beneficiary.
    Last modified: 04 Mar 2016QC 27527