![]() Personal use assetsĪ capital gain on a personal use asset is subject to CGT if it cost you more than $10,000 to acquire the asset.Ĭapital losses on personal use assets are ignored. Crypto is a personal use asset if it is kept or used mainly to purchase items for personal use or consumption. If your crypto is a personal use asset, capital gains or losses from disposing of it may be exempt from CGT. Crypto assetsĬGT may apply when you dispose of your crypto assets. This includes when you sell them or receive a distribution (other than a dividend) from a managed fund. Shares and unitsĬGT applies to shares, units and similar investments when a 'CGT event' happens. Your car or motorcycle is exempt from CGT.Ī car is defined as a motor vehicle that carries a load of less than 1 tonne and fewer than 9 passengers. you are a foreign resident and you do not satisfy the requirements of the life events test at the time the 'CGT event' happens.ĬGT does not apply when an eligible granny flat arrangement is created, varied or terminated.Your main residence (your home) is exempt from CGT. Your main residence is generally exempt from CGT. If you acquired property before 20 September 1985, any property improvements or additions you make after that date may be subject to CGT. Specific exemptions such as awards and payoutsĪssets you acquired before 20 September 1985 are exempt from CGT.Assets acquired before 20 September 1985. ![]() Check if your assets are subject to CGT, exempt, or pre-date CGT.
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