Section 2: Using the 2 worksheets-the Capital gain or capital loss worksheet and the CGT summary worksheet-and the CGT schedule

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

You should read this section if your entity needs to complete a CGT schedule as well as your tax return labels. Your entity is required to complete a CGT schedule if:

• the total current year capital gains are greater than $10,000 or
• the total current year capital losses are greater than $10,000.