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  • Is your entity a company, trust or fund?

    Read this part.

    Do you expect your entity's total capital gains or total capital losses for the 2003–04 income year to be $10,000 or less?


    Work through steps 1, 2 and 3.


    Work through steps 1-4. Step 4 will show you how to complete the Capital gains tax (CGT) schedule 2004.




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

    End of attention

    The instructions in this part are designed to help companies, trusts and funds (your entity) to calculate a capital gain or capital loss and to complete the capital gains items on the relevant tax return:

    Funds include superannuation funds, approved deposit funds and pooled superannuation trusts.

    The labels to complete at these items are:


    Did you have a CGT event during the year?


    Net capital gain

    You will also need to complete V Net capital losses carried forward to later income years at the Losses information item on your entity's tax return.

    The relevant item number will be:

    Unfamiliar terms

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


    The term 'entity' is used to describe a company (including a head company of a consolidated group), a trust and a fund in this part of the guide.


    The worksheets provided in this guide are the:

    You can print out the worksheets and complete them as you work through this part.

    The worksheets are optional and your entity may prefer to use a different worksheet or a computer-based alternative. We have used these worksheets throughout this part of the guide as examples to help you complete the capital gains item on your entity's tax return, and a Capital gains tax (CGT) schedule 2004 if this is required.

    Last modified: 04 Mar 2016QC 27527