This course will introduce all CGT Events and focus on the most common events.
Overview
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:
Objectives
- 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
Audience
This course is suitable for tax professionals working in Public Practice, SME and corporate entities with responsibilities requiring detailed knowledge of the provisions of CGT.