• TOFA rules apply instead of CGT rules

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Where the TOFA rules determine there is a gain or loss from your financial arrangement that is a CGT asset, a capital gain or capital loss that is made from a CGT event is disregarded. In general, this does not apply for superannuation entities, where CGT remains the primary code for calculating gains and losses from financial arrangements.

      Last modified: 08 Jul 2015QC 44187