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  • Step 7 Work out your total current year capital gains



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Write the total of the capital gains for all your assets (including assets other than shares and units) for the current year at H item 17 (or H item 9 if you use the tax return for retirees).

    If you had a distribution of capital gains from a managed fund, include this in your total capital gains. See step 3 in chapter C1.

    If you have any capital losses, do not deduct them from the capital gains before showing the total amount at H.

    Example 7: Total current year capital gains

    Fred does not have any other capital gains. Therefore, from step 3, he shows $875 at H item 17 on his tax return (supplementary section), or at H item 9 if he uses the tax return for retirees.

    End of example
    Last modified: 06 Oct 2009QC 27788