Personal investors guide to capital gains tax 2023
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About this guide
About this guide
On this page
Personal investors guide to capital gains tax 2023 explains the capital gains tax (CGT) consequences of:
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- the sale or gift (or other disposal) of shares or units
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- the receipt of distributions of capital gains from managed funds
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- the receipt of non-assessable payments from companies or managed funds.
Use this guide if you are a personal investor who has made a capital gain or capital loss from shares, units or managed funds in 2022-23.
Who should NOT use this guide?
Do not use this guide if you:
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- are an investor who is a foreign resident of Australia
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- have gains or losses included as part of your income under other provisions of the tax law, for example, if you are carrying on a business of share trading; see Share investing versus share trading .
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- are a resident investor who
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- had a period of non-residency after 8 May 2012, and
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- had a CGT event that happened after 8 May 2012, and
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- had a discount capital gain.
For more information, see CGT discount for foreign residents .
This guide does not explain more complex issues relating to shares (including employee shares), convertible notes and units. Nor does it apply to shares and units owned by companies, trusts and superannuation funds.
This guide does not cover your CGT consequences when you sell other assets such as:
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- a rental property
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- collectables (for example, jewellery, art, antiques and collections)
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- assets for personal use (for example, a boat you use for recreation).
For more information, see Guide to capital gains tax 2023 .
You can download this guide in portable document format (PDF) or have a copy sent to you in the post.
Go to Personal investors guide to capital gains tax 2023 on our Publications Ordering Service (POS) at iorder.com.au to get a copy.'
References
ATO references:
NO QC 72665
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