1.What triggers CGT?

A)The happening of a CGT Event in relation to a CGT Asset

B)The happening of a CGT Event

C)The disposal of a CGT Asset

D)A contract to transfer a CGT Asset

2.In relation to the operation of CGT, which of the following statements is least correct?

A)A net capital gain is included in assessable income

B)A capital gain arises when the market value of an asset is greater than the cost of the asset

C)Assets purchased after 19 September 1985 generally require a consideration of CGT on their disposal

D)Net capital losses in any year are quarantined and carried forward to future years