Personal investors guide to capital gains tax 2001

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About this guide

Warning: This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

Download guide in pdf

If you would prefer to read this guide in portable document format (pdf), you can download a copy here [515kB].

Note: What this guide is designed to do

This guide is designed for personal investors who have made a capital gain or capital loss in 2000 - 01 from shares, units or managed funds. It will help you complete item 17 (capital gains) in your 2001 tax return for individuals (supplementary section).

If you sold shares or units in a unit trust (including a managed fund) in 2000 - 01, you should read part A of this guide, then work through part B .

If you received a distribution of a capital gain from a managed fund in 2000 - 01, you should 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.

Note: What this guide is not designed to do

This guide does not cover your capital gains tax obligations when you sell:

• a rental property
• collectables (for example, jewellery, art, antiques and collections), or
• assets for personal use (for example, a boat you use for recreation).

It also does not cover more complex issues relating to shares and units. All of these issues are covered in the Guide to capital gains tax 2001 , designed for more complex individual situations and for companies, trusts and superannuation funds.

Handy Hint

We may have used some terms that are not familiar to you. The first time these words are used they are linked to their explanation under the heading Explanation of terms .

Note: Small business concessions

If you are involved in the sale of shares or units in relation to a small business, you may wish to obtain a copy of the publication Capital gains tax concessions for small business .

If you feel this guide does not fully cover your circumstances, please:

• visit our website at www.ato.gov.au
• obtain a copy of the Guide to capital gains tax 2001 or You and your shares .
• contact the Australian Taxation Office (ATO), or
• seek advice from a professional tax adviser.

ATO references:
NO NAT 4152