- Did you receive thinning proceeds from your forestry interest?
No − Go to step 2.
Yes − Include the actual amount you received at row d in Worksheet 2. Go to step 2.
- Did you receive sale and harvest receipts from a forestry interest you no longer hold?
No − Go to step 3.
Yes − Include the market value of the forestry interest at the time of the CGT event at row e in Worksheet 2 if the following applies:
- a CGT event happened and you no longer held your forestry interest as a result of the CGT event (for example, because you had sold the interest to another person, or you had received harvest proceeds), and
- you
- claimed a deduction, or
- can claim a deduction, or
- would be entitled to claim a deduction by for a CGT event happening within four years after the end of the income year in which you first pay an amount under the FMIS.
- Did you receive sale and harvest receipts from a forestry interest you still held?
No − Go to step 4.
Yes − Include the amount by which the market value of your forestry interest was reduced at row f in Worksheet 2 if the following applies:
- a CGT event happened and you still held your forestry interest (for example, because you have sold part of your interest or there was a partial harvest), and
- you
- claimed a deduction, or
- can claim a deduction, or
- would be entitled to claim a deduction but for a CGT event happening within four years after the end of the income year in which you first pay an amount under the FMIS.
- Transfer the amount calculated at row 'g' in Worksheet 2 to row 'a' in Worksheet 1.