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Capital gains and managed funds

Last updated 25 June 2019

How you complete this section will depend on your circumstances:

  • If your only capital gains are from a managed fund and, at the Managed fund distributions section, your share of the current year capital gains is $10,000 or less, you do not need to complete the Capital gains or losses section.
  • If your only capital gains are from a managed fund and, at the Managed fund distributions section, your share of the current year capital gains is more than $10,000:
    • myTax will prompt you to complete the Capital gains or losses section    
    • myTax will complete Total current year capital gains and Net capital gain in the Capital gains or losses section from the information shown in the Managed fund distributions section, and.
    • you will need to complete the Capital gains tax schedule.

Go to step 6 in Completing this section.

  • If you have capital gains from a managed fund and a separate capital gains tax event during the year, when completing the Capital gains or losses section:
    • the capital gains amounts shown in the Managed fund distributions section will be automatically carried over to the Capital gains or losses section for you to review, and
    • you will need to ensure that all your capital gains, including those from managed funds, are included in what you show at Total current year capital gains and Net capital gain.

Go to step 2 in Completing this section.

  • If you have capital gains from a managed fund, no other capital gains tax event during the year but have a carried forward capital loss from a prior year:    
    • myTax will prompt you to complete Capital gains or losses section
    • the capital gains amounts shown in the Managed fund distributions section will be automatically carried over to the Capital gains or losses section for you to review, and
    • you will need to ensure that your capital gains from managed funds are included in what you show at Total current year capital gains and Net capital gain.

Go to step 2 in Completing this section.

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