CGT Essentials (94070160) - Online

This course will introduce all CGT Events and focus on the most common events. You will learn the general and specific rules of when an asset is a CGT asset and how a capital gain or loss relating to that asset may be treated. In addition, you will be able to apply rules developed for specific circumstances which can cause a capital gain to be deferred or disregarded. Also, you will be able to apply the record-keeping provisions specific to the CGT regime.

Key topics:

• CGT events
• CGT assets
• Calculating the capital gain or capital loss
• Exemptions from CGT
• Rollover relief from CGT liability
• CGT Concessions for CGT Small Business Entities
• Determining net capital gain or loss
• CGT administration

This course consists of one online course, one learning manual PDF and one online assessment.

Want to know more? Click below to view a sample of the learning manual:

• Follow the steps involved to determine a taxpayer’s liability to pay tax on a capital gain 
• Apply the appropriate CGT event to an ordinary situation
• Analyse the tax implications of capital gains or capital losses made from different types of CGT assets
• Calculate the capital gain or capital loss that arises from a CGT event
• Determine when a capital gain is exempt from CGT liability
• Apply rollover relief from CGT liability to ordinary situations
• Apply the basic conditions for small business relief to access any of the small business CGT concessions
• Apply the small business relief concessions to ordinary situation
• Calculate an entity’s net capital gain or capital loss
• Apply the record keeping requirements specific to capital gains and losses