What is a CGT Asset? A personal use asset? A collectible? (b) Explain the following in relation to CGT Event A1, CGT Event C1, CGT Event C2 and CGT Event D1: When does the CGT Event occur? What is the time of the CGT Event? When is a capital gain or a capital loss made? (c) What is the difference between a 'net capital gain' and a 'capital gain' and between a 'net capital loss' and a 'capital loss'? (d) Are deductible amounts included in cost base? (e) What are the steps to determine whether a taxpayer has made a net capital gain or a net capital loss?