Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

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Division 100 - A Guide to capital gains and losses  

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Step 1 - Have you made a capital gain or a capital loss?  

Keeping records for CGT purposes

SECTION 100-65  

100-65   What records?  
Keeping full records will make it easier for you to comply. For example, keep records of:

  • • receipts of purchase or transfer;
  • • interest on money you borrowed;
  • • costs of agents, accountants, legal, advertising etc.;
  • • insurance costs and land rates or taxes;
  • • any market valuations;
  • • costs of maintenance, repairs or modifications;
  • • brokerage on shares;
  • • legal costs.
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