Interactive Revision · Chapter 6
Chapter 6: Capital Gains Tax: Events, Assets, Cost Base, Losses and Discounts Click a square and type one letter. Select Check answers . Correct letters turn green with ✓; incorrect letters turn red with ✕. Change any red letter and check again. The answer key is on a separate page.
Across 1. Cost-base concept used for capital-loss calculations.4. Capital loss quarantined against capital gains.6. Asset acquired before 20 September 1985, generally disregarded.11. Special CGT category with quarantined losses.12. Statutory sequence for calculating the net capital gain.13. Rule disregarding an otherwise arising capital gain or loss.14. Most common disposal CGT event.15. Concession potentially reducing eligible discount capital gains.17. Rule preventing net capital losses from offsetting ordinary income.18. Property or legal/equitable right within the CGT regime.19. Amount included in assessable income under s 102-5.Down 2. Transfer of ownership commonly triggering CGT event A1.3. CGT event involving loss or destruction of a CGT asset.5. Capital gains tax regime in Parts 3-1 and 3-3 ITAA97.7. Amount received or entitled to be received from a CGT event.8. CGT category subject to special rules.9. Substitution rule potentially replacing actual proceeds or cost.10. Statutory trigger required before a capital gain or loss arises.15. CGT event involving creation of contractual or other rights.16. Statutory elements used to calculate many capital gains.Taxation Law in Australia • Interactive Revision • JUNIQ