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  • Introduction

    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

    These instructions are designed to help companies, trusts and funds (your entity) to calculate a capital gain or capital loss and to complete the capital gains items on the relevant tax return. This will be:

    • Company tax return 2003-item 7
    • Trust tax return 2003-item 18, or
    • Fund income tax and regulatory return 2003-item 9a.

    Funds include superannuation funds, approved deposit funds and pooled superannuation trusts.

    The labels to complete at these items are:

    G

    Did you have a CGT event during the year?

    A

    Net capital gain

    (If you are an individual, you will also need to complete H Total current year capital gains).

    You will also need to complete V Net capital losses carried forward to later income years at the Losses information item on your entity's tax return.

    The relevant item number will be:

    • Company tax return 2003-item 10
    • Trust tax return 2003-item 24, or
    • Fund income tax and regulatory return 2003-item 10.

    Note: New terms There may be terms in part C that are not familiar to you. Refer to chapter 1 in part A or to Explanation of terms.

    Note: Entity

    The term 'entity' is used to describe a company (including a head company of a consolidated group), a trust and a fund in this part of the guide.

    Last modified: 25 Feb 2020QC 27448