Guide to capital gains tax 2024

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What's new with CGT

Find out what's new in legislation or other changes that need to take into consideration for 2024.

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Downsizer contributions - age eligibility

From 1 January 2023 the eligibility to make downsizer contributions into superannuation was reduced from 60 to 55 years old.

For more information, see Downsizer contributions and capital gains tax

Off-market share buy-back

If you participated in an off-market share buy-back which was announced and undertaken by a listed public company after 7:30pm AEDT on 25 October 2022, the payment you received is entirely capital proceeds and cannot include a franked, partially franked or unfranked dividend.

Trust income schedule

From the 2024 income year, if you have received a capital gain distribution from a trust, you must complete Trust income schedule 2024 and attach it to your tax return. The Trust income statement details each distribution that you receive from trusts.

For information to help you complete the trust income schedule and who must complete the schedule, see Trust income schedule instructions 2024.

References

ATO references:
NO QC 101683