The fund’s net capital gain is the total current year capital gains less the current year capital losses, prior year net capital losses and any other relevant concession.
Show at A the amount of net capital gain calculated or transferred from:
- 6A at part 6 of the CGT summary worksheet
- A at part 6 of the CGT schedule, if one is required.
Net capital gain includes:
- net foreign source capital gains
- the capital gains component of the fund’s share of net income received from a trust
- any capital gains made by the fund from a forestry managed investment scheme. See CGT information included at X Forestry managed investment scheme income item 10.
Do not show at A any net capital gain to the extent it reflects any non-arm’s length capital gains of a complying superannuation fund, complying ADF or a PST. Show this amount at U Net non-arm’s length income.
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How to calculate the fund’s net capital gain or for special CGT rules that apply to foreign residents or trustees of foreign trusts or subsequent participants in a Forestry Managed Investment Scheme, see the Guide to capital gains tax 2014.
End of find out moreThe fund may need to complete a Losses schedule 2014. For more information, see Schedules, and the Losses schedule instructions 2014 (NAT 4088).