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  • Step 3 Work out your total current year capital gains

    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

    Add up all the capital gains you received from funds (grossed up where necessary) together with any capital gains from other assets. Write the total of all of your capital gains for the current year at H item 17.

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

    Example 22: 'Other' method

    Tim's fund also distributed a capital gain of $100 calculated using the 'other' method. Tim shows $900 ($800 + $100) at H item 17 on his tax return (supplementary section).

    End of example
    Last modified: 06 Oct 2009QC 27788