Tax & Superannuation: Capital Gains - FAQ
What are CGT events?
- The law contains several events that can result in capital gain or loss and are known as CGT ‘events’. The most common events are:
- disposal of a CGT asset;
- loss or destruction of a CGT asset;
- cancellation, surrender or similar dealings with a CGT asset;
- end of an option to acquire shares;
- creating contractual or other rights;
- creating a trust over a CGT asset;
- transferring a CGT asset to a trust;
- converting a trust to a unit trust; and
- capital payment for trust interest.
Read some more FAQS from our Capital Gains section