CGT Fundamentals Program - 2025

Explore the key principles of Capital Gains Tax in CGT Fundamentals – 2025, a 4-part program designed to give accountants practical insight into CGT rules and compliance.

Featuring real-world examples, the program equips participants to confidently handle standard CGT scenarios and recognize more complex issues.

In this program, we cover:

• Overview, CGT Assets & Events

  • What is Capital Gains Tax? Legislative framework and who it applies to

  • Common CGT events (disposals, shares, property, crypto, inheritances)

  • Exempt assets (pre-1985 assets, personal use assets, certain small-value items)

  • Residency status and its impact on CGT

• Cost Base & Proceeds

  • Cost base and reduced cost base (including acquisition costs, improvements)

  • Capital proceeds and substitution rules

  • Calculation methods: full, indexation, and discount methods

  • Using capital losses - current year and carried forward

• Concessions for Individuals & Families

  • The 50% CGT discount - eligibility and application

  • Main residence exemption - full, partial, and the 6-year absence rule

  • CGT treatment of inheritances and family law rollovers

  • Special rules for foreign residents

• Concessions for Small Businesses

  • Small business 15-year exemption

  • Small business retirement exemption

  • Small business rollover

  • Active asset test and other eligibility conditions

  • Interaction between concessions and the 50% discount