Have you made a capital gain or a capital loss?
SECTION 100-25What are CGT assets?
Most CGT events involve a CGT asset. (For many, there is an
if the CGT asset was acquired
20 September 1985.) However, many CGT events are concerned directly with capital receipts and do
involve a CGT asset.
See the summary of the CGT events in section
Some CGT assets are reasonably well-known:
land and buildings, for example, a weekender;
units in a unit trust;
collectables which cost over $500, for example, jewellery or an artwork;
personal use assets which cost over $10,000, for example, a boat.
Other CGT assets are not so well-known. For example:
For a full explanation of what things are CGT assets: see Division