2009 standard distribution statement: guidance notes for fund managers
Part B: Capital gains tax information
11
Capital gains
These items provide tax figures for the break up of H item 18 Total current year capital gains shown in Part A. They are also necessary for unit holders with capital losses to offset and to complete the Capital gains tax (CGT) schedule (NAT 3423).
We have assumed that the managed fund has no capital gains from collectables and the small business capital gains concessions are not applicable.
Line 1: Capital gains – discount method
This amount is the grossed-up discounted capital gain (that is, in our example, $70 x 2). It would help unit holders understand instructions and guides if the words ‘grossed-up amount’ were placed next to this figure.
Line 2: Capital gains – other method
This figure is taken from the tax amount column of the capital gains section in Part C.
Line 3: Total current year capital gains – shown in brackets in the taxable amount column in Part C
Line 4: Capital gains tax (CGT) concession amount. This figure is taken from the Cash distribution column in Part C.
Line 5: Tax-Deferred. This figure is taken from the cash distribution column of the Other non-assessable amounts section in Part C.
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