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Capital gains tax (CGT) schedule

Last updated 28 July 2020

All funds that have one or more CGT events happen during the income year must complete a Capital gains tax (CGT) schedule 2009 and attach it to the applicable tax return if:

  • a CGT event happens in relation to an FMIS interest that is held other than as an initial participant
  • the total current year capital gains for the income year are greater than $10,000, or
  • the total current year capital losses for the income year are greater than $10,000.

The Guide to capital gains tax 2009 will help you meet your fund's CGT obligations by outlining the essential steps involved in calculating your fund's net capital gain for the income year. The guide also includes:

  • aspects of CGT law that may apply to the fund - for example, record-keeping requirements
  • a capital gain or capital loss worksheet for calculating a capital gain or capital loss for each CGT event
  • a CGT summary worksheet for calculating the fund's net capital gain or net capital loss for the income year
  • the CGT schedule.

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