CGT event |
Time of event |
Capital gain |
Capital loss |
---|---|---|---|
D1 Creating contractual or other rights |
when the contract is entered into or the right is created |
capital proceeds from creating the right less incidental costs of creating the right |
incidental costs of creating the right less capital proceeds |
D2 Granting an option |
when the option is granted |
capital proceeds from the grant less expenditure to grant it |
expenditure to grant the option less capital proceeds |
D3 Granting a right to income from mining |
when the contract is entered into or, if none, when the right is granted |
capital proceeds from the grant of right less the expenditure to grant it |
expenditure to grant the right less capital proceeds |
D4 Entering into a conservation covenant |
when covenant is entered into |
capital proceeds from covenant less cost base apportioned to the covenant |
reduce cost base apportioned to the covenant less capital proceeds from covenant |
Bringing a CGT asset into existence
Last updated 3 March 2016
QC27527