Capital gains tax fundamentals
Issued by
The Tax Institute
The earner has demonstrated an understanding of the types of assets considered to be CGT assets, what CGT events need to be considered in relation to those assets, how CGT applies to foreign residents and how to calculate a net capital gain of a taxpayer for an income year.
- Time Hours
- Cost Paid
Skills
Earning Criteria
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Calculate the net capital gain that arises on the happening of a CGT event for a range of taxpayers in non-complex scenarios.
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Calculating net capital gains and losses, CGT assets, CGT events, Capital proceeds, Cost base and reduced cost base.
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Earners complete 10 hours of online, self-paced, interactive learning, incorporating interactive examples, knowledge checks, case studies and a comprehensive activity.
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Successful completion of two online, multiple-choice assessments: Assessment 1: 20 multiple-choice questions within 60 minutes. Assessment 2: 6 scenario-based multiple-choice questions within 45 minutes.
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Achievement of a minimum score of 75% for all assessment tasks.