• End of a CGT asset

    CGT event

    Time of event

    Capital gain

    Capital loss

    C1

    Loss or destruction of a CGT asset

    when compensation is first received or, if none, when the loss is discovered or destruction occurred

    capital proceeds less the asset's cost base

    asset's reduced cost base less the capital proceeds

    C2

    Cancellation, surrender and similar endings

    when the contract ending an asset is entered into or, if none, when an asset ends

    capital proceeds from the ending less the asset's cost base

    asset's reduced cost base less the capital proceeds

    C3

    End of an option to acquire shares and so on

    when the option ends

    capital proceeds from granting the option less the expenditure in granting it

    expenditure in granting the option less the capital proceeds

      Last modified: 09 May 2016QC 17157