BA 3301 Lecture Notes - Lecture 51: Esab, Hunter Douglas, Orica
Document Summary
Calculation of a capital gain" or a capital loss". Diagram 6. 1 (cid:120) s 100-20(1) you can make a capital gain or loss only is a cgt event happens. (cid:120) pt 3-1 div 104 lists cgt events. 100-45 how to calculate the capital gain or loss from most cgt events. 1 work out your capital proceeds from the cgt event. (cid:120) generally refers to amounts received or entitled to receive in respect of the cgt event. 3 subtract the cost base from the capital proceeds. If not, work out the reduced cost base for the asset. If the reduced cost base exceeds the capital proceeds, the difference is your capital loss. If the capital proceeds are less than the cost base but more than the reduced cost base, you have neither a capital gain nor a capital loss. Indexation and discount are not available because the cgt event occurred within 12 months of the acquisition of the asset.
