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  • Step 2 Gross up any discounted capital gain you have received



    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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    If the fund has applied the CGT discount to your distribution, this is known as a discounted capital gain.

    You need to gross up any discounted capital gain distributed to you by multiplying the gain by two. This grossed-up amount is your capital gain from the fund. If the managed fund has shown the grossed-up amount of the discounted capital gain on your distribution statement, you can use that amount.

    Example 21: Grossing up a capital gain

    Tim received a distribution from a fund that included a discounted capital gain of $400. Tim's statement shows that the fund had used the discount method to calculate the gain.

    Tim grosses up the capital gain to $800 (that is, $400 × 2).

    End of example
    Last modified: 06 Oct 2009QC 27788