This item concerns the reduction in a capital gain or capital loss where Subdivision 768-G of the ITAA 1997 applies. If a company held a voting interest of at least 10% in a foreign company and held that interest for a continuous period of at least 12 months in the two years before the specified CGT event, it may be entitled to use this measure. If this measure applies, the relevant item(s) at 12a or 12b must be completed.
Write at item 12a the amount of any reduction in your capital gain in accordance with Subdivision 768-G.
At item 12b write the amount of any capital loss reduced in accordance with Subdivision 768-G that may be utilised or carried forward.