This section explains your CGT obligations if:
- you are a subsequent participant in a forestry managed investment scheme (FMIS), and
- you sold or otherwise disposed of your forestry interests in an FMIS in the 2013–14 income year.
You are a subsequent participant if you are not an initial participant. In most cases, this means that you bought your forestry interest from an initial participant.
You are an initial participant if:
- you obtained your forestry interest from the forestry manager of the scheme, and
- your payment to obtain the forestry interest is used to establish trees.