New terms
Some terms in this section may be new to you. These words are printed in red the first time they are used (mostly in earlier sections) and are explained in Definitions in appendix 3.
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 on your tax return (supplementary section). 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.