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  • Introduction

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Read part B if you are an individual who has made a capital gain or capital loss in 2000-01 from a distribution from a unit trust (including a managed fund) or the sale of assets for example:

    • a rental property
    • land
    • collectables
    • shares, or
    • units in a managed fund.

    If you have made a capital gain or capital loss from the sale of just a few shares or units, or from distributions from managed funds, you may find it easier to use the Personal investors guide to capital gains tax.

    The steps below explain how to calculate your net capital gain or loss for 2000-01 and complete item 17 (Capital gains) in the 2001 tax return for individuals (supplementary section).

    Note
    New terms

    There may be terms in part B that are not familiar to you. Refer to chapter 1 in part A for more information or to the Explanation of terms in this guide.

    Chapter 2 in part A explains how to calculate a capital gain or capital loss for each CGT event or asset using the Capital gain or loss worksheet that you can download here. For most individuals, this worksheet is all you will need to work out what needs to be included at item 17 in your tax return.

    If you have a large number of these worksheets due to having several CGT events, you may wish to use the CGT summary worksheet (also in this guide) to help you calculate your net capital gain or net capital loss. Go to section 1b in part C of this guide to find out how to complete the CGT summary worksheet and then item 17 in your tax return.

    Last modified: 31 Aug 2010QC 16195