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  • Z Did the CGT event relate to a forestry managed investment scheme interest that you held other than as an initial participant?



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

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    The sale of thinnings and harvested trees from a forestry managed investment scheme (FMIS) is a CGT event.

    The fund is an initial participant in an FMIS if:

    • the fund obtained its forestry interest in the FMIS from the forestry manager of the scheme, and
    • the fund's payment to obtain the forestry interest in the FMIS results in the establishment of trees.

    The fund is a subsequent participant if it is not an initial participant.

    The forestry manager of an FMIS is the entity that manages, arranges or promotes the FMIS.

    A forestry interest in an FMIS is a right to the benefits produced by the FMIS (whether the right is actual, prospective or contingent, and whether it is enforceable or not).

    Print X in the appropriate box.

    If you selected Yes, you must complete a Capital gains tax (CGT) schedule 2009 and attach it to the fund's tax return.

    Last modified: 29 Jul 2020QC 21714