• Special capital receipts

    CGT event

    Time of event

    Capital gain

    Capital loss

    H1

    Forfeiture of a deposit

    when the deposit is forfeited

    deposit less expenditure in connection with the prospective sale

    expenditure in connection with the prospective sale less deposit

    H2

    Receipt for an event relating to a CGT asset

    when the act, transaction or event occurred

    capital proceeds less the incidental costs

    incidental costs less the capital proceeds

      Last modified: 09 May 2016QC 17157