CGT event date

Question

CGT event date

AshleyATO · Accepted Answer

Hi VinceH   Selling or disposing of an asset such as shares will trigger a CGT event (https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/cgt-events).   If there is a contract of sale, the CGT event happens when you enter into the contract.   If there is no contract of sale, the CGT event is when you stop being the assets owner, for example if you sell shares the CGT event happens on the date of the sale.

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