Capital Gains Tax applies to assets sold which were acquired on or after 20th September 1985. New Rules apply to Assets acquired on or after the 20th September 1999 - 50% Exemption. The most common assets subject to Capital Gains Tax are shares and real estate.

In preparing your income tax the following information is required:

• date asset acquired and sold
• the cost of the asset and expenses incurred to purchase
• consideration received when you sold the asset and the expenses incurred to sell