Capital Gains Tax (CGT) 2011

Capital gains tax: The obscure provisions

Source: Taxation In Australia Journal Article

Published Date: 1 Jun 2011


The capital gains tax provisions are a key feature of our tax system and seem to take up an extraordinary amount of most tax professionals' daily lives. At the time of writing, there are 53 separate CGT events which potentially lead to a tax liability. There are also many concessions, roll-overs, exceptions, exemptions, rules and modifications which have to be taken into account.

This article considers some CGT events which raise issues that tax advisers must be aware of, but which, for a variety of reasons, do not seem to get the exposure that the more popular CGT events receive. The article also covers issues relating to the CGT roll-over provisions, including the latest roll-over, Subdiv 124-R relating to water entitlements, and points out some "traps and tips" to be aware of when deciding which roll-over to use and how to use it.

Sorry, this is subscriber only content.

To gain access to this material and much more - Subscribe Now.

(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).

Already a Subscriber? Login now


The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))


The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.


Capital Gains Tax (CGT) 2011

Share this page