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Rachel8431(Initiate)Initiate
31 Aug 2021

How do you complete a CGT event in the tax return, for the sale of pre-cgt asset due to SRO data matching with ATO? Thanks.

1,670 views
2 replies
1,670 views
2 replies

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Most helpful replyATO Certified Response

BlakeATO(Community Support)Community Support
ATO Certified Response1 Sept 2021

Hi @Rachel8431

You'll need to report any capital gains you have for the year, and then answer these questions:

Have you applied an exemption, rollover or additional discount? For this one, you'll say Yes.

You'll then need to enter the Capital gains tax exemption, rollover or additional discount type code. For a pre-CGT asset, that's J: Capital gains disregarded as a result of the sale of a pre-CGT asset.

You can read about completing myTax 2021 capital gains or losses on our website.

All replies

Most helpful replyATO Certified Response

BlakeATO(Community Support)Community Support
ATO Certified Response1 Sept 2021

Hi @Rachel8431

You'll need to report any capital gains you have for the year, and then answer these questions:

Have you applied an exemption, rollover or additional discount? For this one, you'll say Yes.

You'll then need to enter the Capital gains tax exemption, rollover or additional discount type code. For a pre-CGT asset, that's J: Capital gains disregarded as a result of the sale of a pre-CGT asset.

You can read about completing myTax 2021 capital gains or losses on our website.

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