At which point in time is capital gains tax calculated ?

[Francoise]

Hi all,

One for those knowledgeable in tax. Is CGT calculated from the date (i) a contract (ie. offer to purchase) is signed (ii) a contract becomes unconditional (iii) transfer of the property is stamped, or (iv) when the transfer is registered???

Thanks

 

[Mondie]

l dont know if l qualify as being knowledgable on tax, but the relevant dates for CGT are the dates of the contract (ie when its signed)

If the contract is dated before June 30 2003, but you dont settle until December, CGT is still due this year 2002/03.

 

[DaleGG]

Hi

I agree with Mondie.

Dale