• Step 4 - Identify tainted net gains

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Identify the parts of the net gains that are tainted - that is:

    • the part of the net gain from the disposal of commodity investments that is tainted
    • the part of the net gain from currency exchange rate fluctuations that is tainted
    • the part of the net gain from the disposal of assets - other than trading stock or commodity investments - that is tainted.

    Each of the net tainted gains is calculated separately and cannot exceed the amount of the net gain to which it relates. To do this you will need, in each case, to calculate the net gain and the net tainted gain. If the net tainted gain is greater than the net gain, use the net gain instead of the net tainted gain.

    Last modified: 05 Dec 2006QC 17522