Part C: Distributions from managed funds

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

Chapter C1: How to work out your capital gains tax for a managed fund distribution

New terms

Some terms in this section may be new to you. These words are explained in Definitions.

Remember

If your managed fund distribution (as advised by the fund) includes a capital gain amount, you include this amount at item 17 Capital gains. You do not include capital gains at item 12 Partnerships and trusts.

Examples of managed funds include property trusts, share trusts, equity trusts, growth trusts, imputation trusts and balanced trusts.

Distributions from managed funds can include two types of amounts that affect your CGT obligation:

• capital gains, and
• non-assessable payments.

The following steps in this section show you how to record a capital gain distributed from a managed fund. Chapter C2 covers non-assessable amounts which mostly affect the cost base of units but can create a capital gain.