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About this guide

Last updated 5 October 2009

This guide is designed for individuals, companies, trusts and funds completing paper-based income tax returns. It explains how capital gains tax works and will help you calculate your net capital gain or net capital loss for 2001-02 so you can meet your capital gains tax obligations. There are worksheets included in the guide to help you do this.

Individuals may prefer to use the shorter, simpler Personal investors guide to capital gains tax if, during 2001-02, they:

  • sold some shares
  • sold some units in a managed fund and/ or
  • received a distribution of a capital gain from a managed fund.

If you prefer to prepare and lodge your tax return electronically, you can use the e-tax 2002 software package developed by the Australian Taxation Office. The capital gains tax module includes a calculator for capital gains and capital losses and can be downloaded from the Internet at

Included in this guide is the Capital gains tax (CGT) schedule 2002 which must be completed by companies, trusts and superannuation funds with capital gains tax obligations over a certain threshold. A CGT schedule has been included for your entity's use if required. Use part C of this guide to find out how to complete your worksheets, tax return labels and (if you are over the threshold) the CGT schedule.

If you are a small business taxpayer, you should get the publication Capital gains tax concessions for small business.