Part B - Completing the capital gains section of your tax return

Last updated 24 February 2020

Item 17 of the 2003 tax return for individuals
Item 9 if you use the tax return for retirees

Signpost

Read this signpost before you read part B or part C of this guide

Are you an individual?

Is your entity a company, trust or fund?

Step 1 - Types of CGT assets and CGT events

Step 2 - Calculating your current year capital gain or capital loss for each CGT asset or CGT event

Step 3 - Total current year capital gains

Step 4 - Capital losses

Step 5 - Applying current year capital losses

Step 6 - Applying prior year net capital losses

Step 7 - Applying the CGT discount

Step 8 - Applying the small business CGT concessions

Step 9 - Working out your net capital gain

Step 10 - Capital losses carried forward to later income years

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