Tax Fundamentals – Capital Gains Tax

At the conclusion of this training, attendees should be able to:

• identify whether the CGT rules apply to a transaction or event;
• identify the 54 CGT events;
• identify the three categories of assets;
• calculate the cost base or reduced cost base of an asset;
• calculate a capital gain or loss arising on disposal of a CGT asset;
• calculate a net capital gain or net capital loss for an income year; and
• consider the record keeping requirements.

The currency of this resource material is at 18 June 2021.