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Capital gains 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, discounted method This amount is the 'grossed-up' discounted capital gain (that is, in our example, $70 x 2). It would help unit holders understand instructions and guides if the words 'grossed-up amount' were placed next to this figure. Line 2: Capital gains, other method This figure is taken from the Taxable amount column of the capital gains section in part C. Line 3: Total current year capital gains This amount is shown in brackets in the Taxable amount column in part C. Line 4: Capital gains tax (CGT) concession amount This figure is taken from the Cash distribution column in part C. Line 5: Tax-deferred This figure is taken from the Cash distribution column of the 'Other non-assessable amounts' section in Part C. |
Part B: Capital gains tax information
Last updated 31 May 2011
QC24218