• Capital gains tax (CGT) schedule

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    Warning:

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

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    You do not need to complete a Capital gains tax (CGT) schedule 2010 (CGT schedule) if the trust was a subsidiary member of a consolidated group at the end of the income year and has completed Z2 item 2.

    In other cases, complete a CGT schedule and attach it to the trust's tax return if:

    • a CGT event occurs in relation to a forestry managed investment scheme (FMIS) interest that is held other than as an initial participant
    • the trust's total current year capital gains for the income year are greater than $10,000, or
    • the trust's total current year capital losses for the income year are greater than $10,000.

    The Guide to capital gains tax 2010 will help you complete the CGT schedule. It also includes:

    • a capital gain or capital loss worksheet for calculating a capital gain or capital loss for each CGT event
    • a CGT summary worksheet for calculating a net capital gain or net capital loss for the income year
    • the CGT schedule.
    Last modified: 13 Aug 2014QC 22968