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Step 3 – how to complete the capital gains item on your entity's tax return

Last updated 3 March 2016

In the earlier steps, you calculated your capital gain or capital loss for each CGT event, then worked out your net capital gain or net capital loss.

If your entity made a capital gain or capital loss during the income year:

If you are an individual completing your 2004 tax return for individuals (supplementary section) or a tax agent completing a tax return on behalf of an individual:

  • print Y (for yes) at GDid you have a capital gains tax event during the year? item 17 Capital gains on your tax return
  • transfer the amount at Total CYCG, part A3 of your CGT summary worksheet (PDF 205KB)This link will download a file to HTotal current year capital gains item 17 Capital gains on your tax return
  • transfer the amount at G, part H of your CGT summary worksheet (PDF 205KB)This link will download a file to A Net capital gain item 17 Capital gains on your tax return, and
  • add the amounts, if any, at H and I in part I of your CGT summary worksheet and show the total at V Net capital losses carried forward to later income years item 17 Capital gains on your tax return.

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