16

Capital gains
These items provide tax figures for the break up of H item 18Total current year capital gains shown in Part A. They are also necessary for unit holders with capital losses to offset and for completion of 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 × 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 - indexation method
This figure is taken from the tax amount column of the capital gains section of Part D (that is, line 3).

Line 3: Capital gains - other method
This figure is taken from the tax amount column of the capital gains section of Part D (that is, line 4).