Your shopping cart is empty

Capital gains tax: The obscure provisions


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.

Author profile

Paul Tanti CTA
Photo of author, Paul TANTI Paul is a partner in the Thomson Geer Tax Section and has a broad range of experience in providing specialist taxation and commercial advice to a wide variety of clients. His broad base of clients includes legal and accounting firms, private and listed companies, high net worth individuals, and private equity funds. Paul advises on all areas of Federal and State taxation law and related commercial matters. Paul is a regular speaker on tax and related commercial matters for various professional bodies. He is a member of The Tax Institute, a member of the Law Council of Australia’s Business Law Committee (South Australian Tax Sub Committee), and a member of the South Australian State Taxes Liaison Group. - Current at 06 November 2019
Click here to expand/collapse more articles by Paul TANTI.


Copyright Statement
click to expand/collapse