• Shares

    CGT event

    Time of event

    Capital gain

    Capital loss


    Capital payment for shares

    when the company pays a non-assessable amount

    payment less the cost base of shares

    no capital loss


    Liquidator or administrator declares shares or financial instruments worthless

    when declaration was made

    no capital gain

    shares’ or financial instruments’ reduced cost base

      Last modified: 09 May 2016QC 17157