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The change of ownership generally happens at the contract date,...

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    The change of ownership generally happens at the contract date, not the settlement date.

    Is capital gains calculated on the sale date or settlement date?

    For example, if you sell a house, the CGT event happens on the date of the contract, not when you settle. If there is no contract of sale, the CGT event is usually when you stop being the asset's owner. For example, if you sell shares, the CGT event happens on the date of sale.

 
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