Guide to CGT 2008-09

About this guide

The Guide to capital gains tax 2009 explains how capital gains tax (CGT) works and will help you calculate your net capital gain or net capital loss for 2008-09 so you can meet your CGT obligations. There are worksheets at the back of the guide to help you do this.

Who should use this guide?



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

End of attention

An individual, company, trust or superannuation fund can use this guide to work out their CGT obligations.

A company, trust or superannuation fund that is required to complete and lodge a Capital gains tax (CGT) schedule 2009 (NAT 3423) (CGT schedule) should use the schedule included at the back of this guide. Part C explains when a schedule must be lodged.

If you have a small business, you should get the publication Guide to capital gains tax concessions for small business (NAT 8384).

Individuals may prefer to use the shorter, simpler Personal investors guide to capital gains tax 2009 (NAT 4152) if, during 2008-09, they only:

  • sold some shares
  • sold some units in a managed fund, and/or
  • received a distribution of a capital gain from a managed fund.

This guide does not deal fully with the CGT position of:

  • a company that is the head company of a consolidated group - the rules that apply to members of a consolidated group modify the application of the CGT rules. For more information about the consolidation rules or if you have technical tax enquiries, visit our website or phone the Tax Reform Infoline on 13 24 78
  • an individual or entity whose gains or losses are included as part of its income under other provisions of the tax law - for example from carrying on a business of share trading (see the fact sheet Carrying on a business of share trading)
  • an individual or entity that is not an Australian resident for tax purposes.

Publications and services

To find out how to obtain a publication referred to in this guide, see Publications. For information about our other services, see More information.

Last modified: 09 Mar 2010QC 27956