Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 100.35

What is a capital gain or loss?

                   For most CGT events:

•     You make a capital gain if you receive (or are entitled to receive) capital amounts from the CGT event which exceed your total costs associated with that event.

•     You make a capital loss if your total costs associated with the CGT event exceed the capital amounts you receive (or are entitled to receive) from the event.



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