• Capital gains tax (CGT) schedule

    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

    You do not need to complete a Capital gains tax (CGT) schedule 2013 (CGT schedule) if the trust was a subsidiary member of a consolidated group for the whole of the income year.

    In other cases, complete a Capital gains tax (CGT) schedule 2013 and attach it to the trust’s tax return if:

    • the trust’s total current year capital gains are greater than $10,000, or
    • the trust’s total current year capital losses are greater than $10,000.

    The Guide to capital gains tax 2012-13 will help you complete the CGT schedule. It also includes:

    • a capital gain or capital loss worksheet for calculating a capital gain or capital loss for each CGT event
    • a CGT summary worksheet for calculating a net capital gain or net capital loss for the income year
    • a CGT schedule.
    Last modified: 05 Jul 2014QC 35444