The completion of the CGT labels on your entity's 2010 tax return involves a three-step process (for entities with capital gains or capital losses under the $10,000 threshold) or a four-step process (for entities with capital gains or capital losses over the $10,000 threshold):
Step 1 Calculate the capital gain or capital loss for each CGT event that happens during the 2009-10 income year using the Capital gain or capital loss worksheet (PDF, 96KB).
Step 2 Calculate the net capital gain for the 2008-09 income year or net capital losses carried forward to later income years using the CGT summary worksheet (PDF, 210KB).
Step 3 Complete the capital gains item on your entity's tax return.
Step 4 If required, complete a CGT schedule.