Step 4-Complete the capital gains item on your entity's tax return

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

In the earlier steps, you calculated your capital gain or capital loss for each CGT event, then worked out your net capital gain or net capital loss.

You must record the details of your entity's net capital gain or net capital loss carried forward to later income years at the appropriate labels on its income tax return.