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Step 2 Exemptions and rollovers

Last updated 21 June 2018

There are exemptions and rollovers that may allow you to reduce, defer or disregard your capital gain or capital loss.

If you applied an exemption or rollover to disregard or defer a capital gain or capital loss, write X in the Yes box at M item 18 Capital gains on your tax return (supplementary section). Write X in the No box if you did not.

Write in the code box at M the code from the following list that represents the CGT exemption or rollover that produced the largest amount of capital gain or capital loss deferred or disregarded.

CGT exemption and rollover codes: