Step 2 Exemptions and rollovers



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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There are exemptions and rollovers that may allow you to reduce, defer or disregard your capital gain or capital loss.

If you applied an exemption or rollover to disregard or defer a capital gain or capital loss, write X in the Yes box at M item 18 Capital gains on your tax return (supplementary section). Write X in the No box if you did not.

If you are lodging a paper return, write in the code box at M the code from the list below that represents the CGT exemption or rollover that produced the largest amount of capital gain or capital loss deferred or disregarded. If you are lodging electronically, follow the instructions on screen.

CGT exemption and rollover codes:

    Last modified: 01 Sep 2014QC 39804