• Excepted net capital gain of a minor

    Include the amount of any excepted net capital gain of a minor at A and provide a statement on a separate sheet of paper:

    • detailing the distribution of excepted net capital gains to each beneficiary, and
    • listing each beneficiary who is considered to be an excepted person, giving supporting reasons.

    Attach this statement to the tax return and print X in the Yes box at Have you attached any ‘other attachments’? at the top of page 1 of the tax return.

    For an explanation of excepted income and excepted person, see Appendix 9.

    Last modified: 31 Aug 2016QC 48243