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Part C. Capital gains tax information

Last updated 20 June 2007

  1. Capital gains
    These items provide tax figures for the break up of H item 17 (Total current year capital gains) shown in Part A. They are also necessary for unit holders with capital losses to offset and for completion of the Capital Gains Tax (CGT) schedule.
    We have assumed that the managed fund has no capital gains from collectables and the small business capital gains concessions are not applicable.
    Line 1: Capital gains - discount method
    This amount is the grossed up discounted capital gain (ie in our example, $70 x2). It would assist understanding of instructions and guides if the words 'grossed up amount' were placed adjacent to this figure.
    Line 2: Capital gains - indexation method
    This figure is taken from the tax amount column of the capital gains section of Part D (ie line 3).
    Line 3: Capital gains - other method
    This figure is taken from the tax amount column of the Capital gains section of Part D (ie line 4).

QC19524