• Capital gains – supporting documents

    If you disagree with information contained in the letter from us about your capital gains, we may ask you to provide the following types of supporting documents.

    Type of capital gain

    Supporting documents

    Main residence

    Documents that show your address during the relevant dates, from either:

    • an Australian Government department
    • your financial institution
    • your driver's licence
    • a utility bill showing usage details.

    If you owned other property during that time, documents that show:

    • the addresses of those properties
    • main residence exemptions claimed for those properties.

     

    Partial main residence

    Documents that show the dates you resided at the property, from either:

    • an Australian Government department
    • your financial institution
    • your driver's licence
    • a utility bill.
    • Documents that show the dates you derived income from the property.

    Documents that show your calculation of the capital gain or loss, including:

    • purchase and sale dates
    • invoices for capital purchases
    • year-end statements.

    If you are a foreign resident, documentation that shows:

    • the property was used to carry on a business
    • the foreign residents and/or their associates hold 10% or more of the entity and the value of interest is attributed to Australian real estate.
     

    Rental properties, holiday homes and vacant land

    If you're providing us with your own calculation of the capital gain or loss, provide a worksheet that shows:

    • the purchase price and associated purchase expenses such as stamp duty, conveyancing fees and borrowing costs
    • holding costs, such as interest, rates and taxes, repairs and maintenance
    • capital improvements, including contracts for building and/or improvement works
    • disposal costs, such as advertising and agent commissions.
     

    Marriage or relationship breakdown rollover

    A court order or financial agreement if you disposed of the property (or your share) to your ex-spouse because of a court order of binding financial agreement under the Family Law Act 1985.

    Last modified: 11 Feb 2016QC 43461