This table sets out each CGT event for which you do not need to know what the cost base or reduced cost base of a CGT asset is to work out if you make a capital gain or loss. The section describing the event tells you what amount is relevant instead.
Rules about cost base not relevant for some CGT events | ||
Event number |
|
|
C3 | End of option to acquire shares etc. | 104 - 30 |
D1 | Creating contractual or other rights | 104 - 35 |
D2 | Granting an option | 104 - 40 |
D3 | Granting a right to income from mining | 104 - 45 |
E9 | Creating a trust over future property | 104 - 105 |
F1 | Granting a lease | 104 - 110 |
F3 | Lessor pays lessee to get lease changed | 104 - 120 |
F5 | Lessor receives payment for changing lease | 104 - 130 |
H1 | Forfeiture of deposit | 104 - 150 |
H2 | Receipt for event relating to a CGT asset | 104 - 155 |
J5 | Failure to acquire replacement asset and to incur fourth element expenditure after a roll - over | 104 - 197 |
J6 | Cost of acquisition of replacement asset or amount of fourth element expenditure, or both, not sufficient to cover disregarded capital gain | 104 - 198 |
K2 | Bankrupt pays amount in relation to debt | 104 - 210 |
K7 | Balancing adjustment event happens to depreciating asset | 104 - 235 |
K9 | Carried interests | 104 - 255 |
K10 | You make a forex realisation gain covered by item 1 of the table in subsection 775 - 70(1) | 104 - 260 |
K11 | You make a forex realisation loss covered by item 1 of the table in subsection 775 - 75(1) | 104 - 265 |
K12 | Foreign hybrid loss exposure adjustment | 104 - 270 |
L1 | Reduction under section 705 - 57 in tax cost setting amount of assets of entity becoming subsidiary member of consolidated group or MEC group | 104 - 500 |
L2 | Amount remaining after step 3A etc. of joining allocable cost amount is negative | 104 - 505 |
L3 | Tax cost setting amounts for retained cost base assets exceed joining allocable cost amount | 104 - 510 |
L4 | No reset cost base assets against which to apply excess of net allocable cost amount on joining | 104 - 515 |
L5 | Amount remaining after step 4 of leaving allocable cost amount is negative | 104 - 520 |
L6 | Errors in tax cost setting amounts for entity joining consolidated group or MEC group | 104 - 525 |
L8 | Reduction in tax cost setting amount for reset cost base assets on joining cannot be allocated | 104 - 535 |
110 - 25 General rules about cost base
110 - 35 Incidental costs
What does not form part of the cost base
110 - 37 Expenditure forming part of cost base or element
110 - 40 Assets acquired before 7.30 pm on 13 May 1997
110 - 43 Partnership interests acquired before 7.30 pm on 13 May 1997
110 - 45 Assets acquired after 7.30 pm on 13 May 1997
110 - 50 Partnership interests acquired after 7.30 pm on 13 May 1997
110 - 53 Exceptions to application of sections 110 - 45 and 110 - 50
110 - 54 Debt deductions disallowed by thin capitalisation rules