Signpost: Read this signpost before you read part B or part C of this guide
Are you an individual?
Read part B of this guide, and only read part C if you need help completing the sample worksheets.
Is your entity a company, trust or fund?
Read part C of this guide. The steps outlined will show you whether you need to read section 1 or section 2, or both.
Do you expect your entity's total capital gains or total capital losses for the current year to be $10,000 or less?
Do you expect your entity's total capital gains or total capital losses for the current year to be greater than $10,000?
Work through section 2 of part C. You will be referred back to section 1 of part C if you need help with the worksheets.
Read part B if you are an individual and a CGT event has happened to you in 2001-02 or you received a distribution from a trust (including a managed fund) that included a net capital gain.
If you have only sold a few shares or units, or have a managed fund distribution, you may find it easier to use the Personal investors guide to capital gains tax.
The steps below explain how to calculate your net capital gain or capital loss for 2001-02 and complete item 17 Capital gains on your 2002 tax return for individuals (supplementary section).
Chapter 2 in part A explains how to calculate a capital gain or capital loss for each CGT event or asset using the Capital gain or capital loss worksheetThis link will download a file. For most individuals, this worksheet is all you will need to work out what needs to be included at item 17 on your tax return.
If you have a large number of these worksheets due to having several CGT events happen to you, you may wish to use the CGT summary worksheetThis link will download a file to help you calculate your net capital gain or net capital loss. Go to section 1b in part C of this guide to find out how to complete the CGT summary worksheet and then item 17 on your tax return.