Published on 02 Mar 99
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
The new CGT regime came into operation on 1 July 1998. This paper summarises the structure of the new CGT regime, and aims to provide a "road map" to guide practitioners through the new provisions. This is done by reference to a practical four step process : 1 Identify the potentially relevant CGT events, 2 Check whether an exception or general exemption applies, 3 Check whether rollover relief is available, 4 Calculate the capital gain or loss.
Paul Ingram FTIA is a Partner of Minter Ellison and practises in all areas of taxation law, but with a particular focus on CGT, business structures, GST and stamp duty. Paul is a member of the National Technical CGT subcommittee, the Taxation Committee of the Law Council of Australia, and represents that committee on RevenueSA's Liaison Group.
Current at 24 March 2009 Current at 12 May 2009
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