CGT event |
Time of event |
Capital gain |
Capital loss |
---|---|---|---|
I1 Individual or company stops being an Australian resident |
when the individual or company stops being an Australian resident |
for each CGT asset the person owns, its market value less its cost base |
for each CGT asset the person owns, its reduced cost base less its market value |
I2 Trust stops being a resident trust |
when the trust ceases to be a resident trust for CGT purposes |
for each CGT asset the trustee owns, its market value less its cost base |
for each CGT asset the trustee owns, its reduced cost base less its market value |
Cessation of residency
Last updated 5 October 2009
QC27417