Step 7 Work out your carry-forward losses
This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
End of attention
If the total of your capital losses for the year and unapplied net capital losses from earlier years is greater than your capital gains for the year, you were directed to this step from step 4.
Do not write anything at A item 17 on your tax return (supplementary section).
At V item 17 on your tax return (supplementary section), write the amount by which the total of your capital losses for the year and net capital losses from earlier years exceeds your capital gains for the year. You carry this amount forward to be applied against later year capital gains.
For more information about CGT and managed fund distributions, see the Guide to capital gains tax 2007.
Last modified: 04 Mar 2016QC 19437