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A Net capital gain

Last updated 12 February 2019

The fund’s net capital gain is the total current year capital gains less the current year capital losses, prior year net capital losses and any other relevant concession.

Show at A the amount of net capital gain calculated or transferred from:

  • 6A at part 6 of the CGT summary worksheet
  • A at part 6 of the CGT schedule, if one is required.

Net capital gain includes:

  • net foreign source capital gains
  • the capital gains component of the fund’s net income from a trust.

Do not show at A any net capital gain to the extent it reflects any non-arm’s length capital gains of a complying superannuation fund, complying ADF or a PST. Show this amount at U Net non-arm’s length income.

Work it out:

To calculate the fund’s net capital gain or for special CGT rules that apply to foreign residents or trustees of foreign trusts, see the Guide to capital gains tax 2013.

The fund may need to complete a Losses schedule 2013. For more information, see Schedules, and the Losses schedule instructions 2013.