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  • Steps you need to take



    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 completion of the CGT labels on your entity's 2010 tax return involves a three-step process (for entities with capital gains or capital losses under the $10,000 threshold) or a four-step process (for entities with capital gains or capital losses over the $10,000 threshold):

    Step 1 Calculate the capital gain or capital loss for each CGT event that happens during the 2009-10 income year using the Capital gain or capital loss worksheet (PDF, 96KB).

    Step 2 Calculate the net capital gain for the 2008-09 income year or net capital losses carried forward to later income years using the CGT summary worksheet (PDF, 210KB).

    Step 3 Complete the capital gains item on your entity's tax return.

    Step 4 If required, complete a CGT schedule.

    Last modified: 10 Sep 2010QC 28058