• What are capital proceeds?

    Whatever you receive as a result of a capital gains tax (CGT) event is referred to as your ‘capital proceeds’. For most CGT events, your capital proceeds are an amount of money or the value of any property you:

    • receive, or
    • are entitled to receive.

    If you receive (or are entitled to receive) foreign currency, you work out the capital proceeds by converting it to Australian currency at the time of the relevant CGT event.

      Last modified: 21 Jun 2016QC 17160