• Part P (for companies only)

    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

    During the income year, did a CGT event happen to a share in, or loan to, another company in the same wholly owned group, where that other company (or a company in which it had a direct or indirect interest) had previously transferred a tax loss or a net capital loss to any company in the group?

    Print Y for yes or N for no at T.

    If the answer at T is yes, show at U the total amount by which the company reduced the cost bases of such assets.

    During the income year, did a CGT event happen to an asset of the company that was a share in, or a loan to, another company in the same wholly owned group, where a company in the group had previously transferred a tax loss or a net capital loss to that company (or a company in which it had a direct or indirect interest)? Print Y for yes or N for no at V.

    If the answer at V is yes, show at W the amount by which the company adjusted the cost bases of such assets.

    After following all these steps, you should have completed your entity's CGT schedule. Now you need to:

    • follow the directions in section 2c below to complete your 2001-02 tax return
    • lodge both the tax return and the CGT schedule together.

    You should not lodge your worksheets-keep these with your own records.

    Last modified: 06 Oct 2009QC 27417