Summary of capital gains tax events

Capital gains tax (CGT) events are the different types of transactions or events that may result in a capital gain or capital loss. Many CGT events involve a CGT asset – for example, a sale of shares. Some relate directly to capital receipts (capital proceeds).

There is a wide range of CGT events. Some happen often and affect many people while others are rare and affect only a few people. The most common CGT event happens if you dispose of a CGT asset to someone else – for example, if you sell it or give it away, including to a relative.

All the legislative references in this document are to the Income Tax Assessment Act 1997.

Events are grouped into the following categories:

See also:

For help in applying this information to your own situation, phone 13 28 61.

    Last modified: 09 May 2016QC 17157