An Assets register may replace the need to retain records of assets.
You can choose to enter information from your capital gains tax records into an asset register.
Once details have been entered in the register and the register has been certified by an approved person (such as a registered tax agent), you are required to keep the documents for only five years from the date the register is certified.
More information
- Guide to capital gains tax (NAT 4151)
- Guide to capital gains tax concessions for small business (NAT 8384), or
- Taxation Ruling TR 2002/10 Income tax: capital gains tax: asset register.
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