• Complete a Capital gain or capital loss worksheet for each CGT event

    The Capital gain or capital loss worksheet helps you to calculate a capital gain or capital loss for each separate capital gains tax (CGT) event. Do not attach completed worksheets to your entity’s tax return, as these are your working papers and should be kept with your tax records.

    Remember that when you are using the capital gain or capital loss worksheet you show the type of CGT asset or CGT event that resulted in the capital gain or capital loss. Organise each of these under one of the following nine categories:

    • shares in companies listed on an Australian securities exchange
    • other shares
    • units in unit trusts listed on an Australian securities exchange
    • other units
    • real estate situated in Australia
    • other real estate
    • amount of capital gains from a trust (including a managed fund)
    • collectables
    • other CGT assets and any other CGT events.

    If your entity has made a capital gain, you calculate it using:

    • the indexation method (see note 2 to the worksheet) for capital gains made on CGT assets acquired before 11.45am (by legal time in the ACT) on 21 September 1999 and owned for at least 12 months
    • the discount method (see note 3 to the worksheet) for assets owned for at least 12 months and for which you are not using the indexation method, or
    • the 'other' method (if neither the indexation method nor the discount method applies).

    See also:

    • These three methods of calculating a capital gain are outlined in Capital gains tax.
      Last modified: 21 Jun 2016QC 16983