Guide to capital gains tax 2020

Guide to capital gains tax 2020

A company, trust or superannuation fund may be required to complete and lodge a Capital gains tax (CGT) schedule 2020 (NAT 3423) (CGT schedule) as explained in part C.
If you have a small business, see Small business CGT concessions.
This guide does not deal fully with the CGT position of:
  • an individual or entity that is not an Australian resident for tax purposes
  • a company that is the head company of a consolidated group. The rules that apply to members of a consolidated group modify the application of the CGT rules. For more information about the consolidation rules, see Consolidation.
This guide does not cover individuals or entities whose gains or losses are not subject to CGT but are covered under other tax law; for example, for gains or losses from carrying on a business of share trading or net profit or loss from a profit-making activity of property renovations, see:

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