Taxation of capital gains
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Taxation of capital gains

Issued by The Tax Institute

The earner has demonstrated an understanding of some of the more complex CGT provisions. Earners: build on knowledge of CGT events surrounding trusts and shares; examine the key issues regarding the main residence exemption; consider what are the CGT consequences, when an individual dies; and consider the CGT provisions, applying a foreign residency lens.

  • Time Hours
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Skills

  • Capital Gains Tax
  • Capital Payment for Shares
  • Capital Payments for Trust Interest
  • CGT Events
  • CGT Implications for Foreign Residents
  • Foreign Resident Capital Gains Withholding
  • Main Residence Exemption
  • Taxable Australian Property
  • Taxation of Capital Gains
  • Taxation of Deceased Estates
  • Taxation of Foreign Residents

Earning Criteria

  • Advise on the main residence exemption for CGT purposes.
  • Advise on the CGT consequences of death, for the deceased, deceased estate and the deceased estate beneficiaries.
  • Advise on the CGT consequences for an individual ceasing or becoming an Australian resident taxpayer.
  • Earners complete 10 hours of online, self-paced, interactive learning, incorporating interactive examples, knowledge checks, case studies and a comprehensive activity.
  • Successful completion of an online, multiple choice assessment.

Standards

Advanced level