INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 100 - A Guide to capital gains and losses  

Step 1 - Have you made a capital gain or a capital loss?  

Keeping records for CGT purposes

SECTION 100-65   100-65   What records?  
Keeping full records will make it easier for you to comply. For example, keep records of:

  • · receipts of purchase or transfer;
  • · interest on money you borrowed;
  • · costs of agents, accountants, legal, advertising etc.;
  • · insurance costs and land rates or taxes;
  • · any market valuations;
  • · costs of maintenance, repairs or modifications;
  • · brokerage on shares;
  • · legal costs.

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