CHECKLIST FOR CAPITAL GAINS TAX APPLICATIONS
Proof of Identity (Mandatory)
 Tax Identification Number/ TIN Letter
For All Applications:
 CGT Return Form (IRS 230)
 Copy of current stamped transfer
document
 CGT Declaration Form (IRS 228)
 Copy of previous transfer dealing
1. Disposal of Vacant Land and Structural Improvement:
 Approved House plan and Engineers Certificate
(Certified true copy)
 Evidence of Capital Improvement
 Evidence of source of funds e.g.
i. Copy of Loan offer letter
ii. Confirmation of FNPF withdrawal
 Copy of title
 Sale and Purchase Agreement if:
i. Commercial property
ii. Selling furniture & fittings with property
 Depreciation schedule if disposing
business asset
 Undertaking from Solicitor or Bank Guarantee from
the bank
 Funds trail if funds transferred from
overseas
2. Transfer by Natural Love and Affection, By Way of Gift and Non-arm’s
Length:
 Valuation Report
 Evidence of relationship
3. Transfer by Way of Administration/Transmission by Death:
 Copy of Probate
 Copy of Deed (if any) such as:
 Deed of Renunciation
 Copy of last will
 Evidence of relationship
4. Disposal of Shares
i.
Private Company
 Return of Allotment and members resolution for
Share transfer
 Calculation sheet of retained earnings if
claimed deemed dividend section 8 (2) (a)
(ii) of the ITA
 Particulars of Shareholders if transfer to another
shareholder
 Copy of share valuation if non-arm’s
length transaction
 Copy of recent annual return
 Copy of Share certificate
ii.
Public/Listed Companies on SPSE
This only applies to the following listed companies on the South Pacific Stock Exchange
(SPSE):
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
Atlantic & Pacific Packaging Company Limited
Amalgamated Telecom Holdings Limited
Communications Fiji Limited
Future Forests (Fiji) Limited – both ordinary shares and convertible notes instruments
Paradise Beverages (Fiji) Limited
Fiji Care Insurance Limited
FMF Foods Limited
Fiji Television Limited
Kontiki Growth Fund Limited
Pleass Global Limited
Pacific Green Industries (Fiji) Limited
RB Patel Group Limited
The Rice Company of Fiji Limited
Toyota Tsusho (South Sea) Limited
VB Holdings Limited
Fijian Holdings Limited
BSP Convertible Notes Limited
With exception to the disposal/sale of shares in the company listed on SPSE then the
following documents should be provided with CGT Declaration form (IRS 228) and CGT
Return form (IRS 230):
a. Private Transfer of Shares
i.
ii.
iii.
iv.
Copy of share certificate
Copy of stamped transfer form
Confirmation letter from SPSE that all listing and regulatory requirement are
met
If confirmation letter from SPSE is not provided:
- Proof of relationship in the case of gift to close relation
- Copy of valid ID of trustee/administrator with the probate/letters of
administration for settlement of a will or estate
b. Sale of Shares
i.
ii.
iii.
iv.
Copy of share certificate
Confirmation letter from SPSE that all listing and regulatory requirements
are met
If confirmation letter from SPSE is not provided:
- Copy of sell contract note and buy contract note
- Copy of valid ID
Confirmation letter from SPSE about the acquisition cost of shares if it
cannot be ascertain
5. Disposal of Yacht and Vessel
 Bill of Sale
 Ownership certificate for vessels
 Customs Entry
 Details of financing and exchange Rate
 Evidence of capital improvement
 Sales and Purchase Agreement
Other Matters
 Updated Tax Affairs:
 Lodgement of returns
 No outstanding tax or arrears with satisfactory
arrangement with DMU
 RBF exchange rate if consideration
quoted in overseas currency
 Documentary Evidence if claim for principal place  VAT implication letter for capital asset
of residence, for example: Voter ID,Water bill, City disposed by registered person
Council or Town Council Bills, Housing Authority
Statements, TLTB & Lands Dept. Notices/Bills etc.
 Copy of passport if:
 Non-resident for tax purposes
 Vendor is in overseas
 Valuation report for:
 Non-arm’s length transaction
 Disposing property below cost