Write at V the total of any unapplied net capital losses from collectables and unapplied net capital losses from all other CGT assets and events. If this item applies to the fund, you must refer to the Guide to capital gains tax 2008 to complete this item. It also explains the change in Australian CGT rules for foreign residents and trustees of foreign trusts.
This information is calculated or transferred from:
- V in part I of the CGT summary worksheet, or
- H and I in part I of the CGT schedule, if one is required.
If the fund is required to complete a Losses schedule 2008, the amount shown at V Net capital losses carried forward to later income years item 2 in part A of that schedule must be the same as the amount written at V on the tax return.