Personal investors guide to capital gains tax 2025

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General guidance

General guidance

Explains what you need to complete in your tax return and things that need to be taken into consideration.

On this page

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Completing your tax return

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Small business CGT concessions

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Investments in foreign hybrids

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General value shifting regime

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Forestry managed investment schemes

Completing your tax return

This guide will help you complete your tax return.

If you sold or otherwise disposed of shares, or units in a unit trust (including a managed fund) in 2024-25, read Part A of this guide, then work through Part B .

If you receive a distribution of a capital gain from a managed fund in 2024-25, read Part A of this guide, then work through Part C .

Managed funds include property trusts, share trusts, equity trusts, growth trusts, imputation trusts and balanced trusts.

Small business CGT concessions

If you're involved in the sale of shares or units for a small business and you would like more information, see Small business CGT concessions .

Investments in foreign hybrids

A foreign hybrid is an entity that is taxed in Australia as a company but taxed overseas as a partnership. This can include a limited partnership, a limited liability partnership and a United States limited liability company.

If you have an investment in a foreign hybrid (referred to as being a member of a foreign hybrid), you're now treated as having an interest in each asset of the partnership for Australian tax purposes.

As a consequence, any capital gain or capital loss made about a foreign hybrid or its assets is considered to be made by the member.

General value shifting regime

You may be affected by value shifting rules if you own shares in a company or units (or other fixed interests) in a trust and value has been shifted in or out of your shares or units. Generally, the rules only affect individuals who control the company or trust, or individuals who are related to individuals or entities that control the company or trust.

Forestry managed investment schemes

There are specific CGT rules where secondary investors or subsequent participants hold forestry managed investment scheme (FMIS) interests on capital account. These rules apply to FMIS interests sold or disposed of in 2007-08 and later income years.

For more information see Guide to capital gains tax 2025 .

Continue to: Part A: How capital gains tax applies to you

References

ATO references:
NO QC 104651