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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS

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History Pt 3-1 inserted by No 46 of 1998.

Division 100 - A Guide to capital gains and losses

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History Div 100 inserted by No 46 of 1998.

Step 1 - Have you made a capital gain or a capital loss?

Step 3 - Work out your net capital gain or loss for the income year

SECTION 100-55   100-55  How do you comply with CGT?

Declare any net capital gain as assessable income in your income tax return.

Defer any net capital loss to the next income year for which you have capital gains that exceed the capital losses for that income year.

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History S 100-55 inserted by No 46 of 1998.