Personal investors guide to capital gains tax 2025
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This document incorporates revisions made since original publication. View its history and amending notices, if applicable.
About the personal investors guide to capital gains tax
About the personal investors guide to capital gains tax
Check when and when not to use this guide and your tax obligations.
On this page
Personal investors guide to capital gains tax 2025 explains the capital gains tax (CGT) consequences of:
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- the sale or gift (or other disposal) of shares or units
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- the receipt of distributions of capital gains from managed funds
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- the receipt of non-assessable payments from companies or managed funds.
This guide only covers capital gains or capital losses from CGT assets that are shares, units or other interests in managed funds. Use this guide if you're a personal investor who has made a capital gain or capital loss from these assets in 2024-25
Don't use this guide if you:
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- are an investor who is a foreign resident of Australia
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- have gains or losses included as part of your income under other provisions of the tax law - for example, if you're carrying on a business of share trading, see Share investing versus share trading .
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- are a resident investor who had
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- a period of non-residency after 8 May 2012
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- a CGT event that happened after 8 May 2012
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- a discount capital gain.
For more information, see CGT discount for foreign residents .
This guide doesn't explain more complex issues relating to shares (including employee shares), convertible notes and units. Nor does it apply to shares and units owned by companies, trusts and superannuation funds.
This guide doesn't cover your CGT consequences when you sell other assets such as:
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- a rental property
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- collectables (for example, jewellery, art, antiques and collections)
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- assets for personal use (for example, a boat you use for recreation).
For more information, see Guide to capital gains tax 2025 .
Continue to: General guidance
References
ATO references:
NO QC 104651
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