Australian CGT Handbook 2013-14

The "Australian CGT Handbook 2013-14" is a comprehensive guide to the Capital Gains Tax (CGT) regime in Australia, authored by Gordon Cooper, Chris Evans, and Kirk Andrew Wilson. Here is a detailed overview of the book:

Key Themes

1. Comprehensive Coverage: The book provides a thorough understanding of the CGT provisions, including the rules, regulations, and practical implications.
2. Realistic Examples: It includes realistic examples to help practitioners and individuals understand how to apply the CGT rules in various scenarios.
3. Practical Tips and Warnings: The handbook offers crucial practical tips and warnings to navigate the complexities of CGT.
4. Accessible Style: The publication is written in an accessible style, making it easier for practitioners to advise clients on common CGT problems and help them make sense of the provisions.

Plot Summary

The book is structured to cover all aspects of CGT, including:

• General Principles: An overview of the CGT regime and its application.
• CGT Events: Detailed explanations of the various CGT events and how they are triggered.
• Calculating Gains and Losses: Step-by-step guides on calculating capital gains and losses.
• Exemptions and Concessions: Explorations of the exemptions and concessions available under the CGT regime.
• Record Keeping: Guidance on keeping accurate records to ensure correct calculations of capital gains and losses.
• Special Situations: Coverage of special situations such as trust distributions, investments in shares and units, forestry managed investment scheme interests, and more.

Critical Reception

The book has been well-received for its comprehensive coverage and practical approach to understanding CGT. It is considered a definitive guide to the CGT provisions as they operated in Australia up to November 2013. The authors, who are experts in taxation law, have been praised for their ability to make complex tax concepts accessible to practitioners and individuals alike.

Publication Details

• Title: Australian CGT Handbook 2013-14
• Authors: Gordon Cooper, Chris Evans, Kirk Andrew Wilson
• Publisher: Thomson Reuters
• Publication Date: December 2013
• ISBN: 9780864608338
• Price: $172.00

Overall, the "Australian CGT Handbook 2013-14" is a valuable resource for anyone seeking to understand and navigate the complexities of the Australian CGT regime. Its comprehensive coverage, practical examples, and accessible style make it an essential tool for both practitioners and individuals dealing with CGT-related issues.