Net capital gain calculation (unrealised)
Statement Purpose
This statement provides a record of unrealised capital gains for the income year.
Data Flow
Unrealised capital gains for the year should be manually input to determine the total unrealised net capital gain for the income year.
Any unused carried forward loss from
Net Capital Losses
will be used to reduce any unrealised capital gains in this statement.The net capital gain/loss information from this statement will automatically link to the
Statement of Unrealised Income
.Any unrealised futures, forwards, or options that have been selected as
Capital
in Calculation Setup
will be reversed from Statement of Unrealised Income
to this statement.Total of unposted tax deferred cost base adjustments from
Distribution entitlement summary
.Prior year aggregated deferred cost base adjustment amounts from all entities within the group will be added to
NTAP source Other
in Unrealised capital gains information
when Aggregate prior year tax deferred cost base adjustment
is selected in Calculation Setup
.Explanation of Fields
- TAP sourced— Columns within TAP source identify the different types of unrealised capital gains from Australian-sourced investments.
- NTAP sourced— Columns within NTAP source identify the different types of unrealised capital gains from foreign-sourced investments.
- Losses— Column identifies the unrealised capital losses for different types of investments.
- Prior year— Column identifies the tax value manually entered in the first year; this value rolls forward to subsequent years.
- Application of prior year losses— Applies any unused prior year losses carried forward fromNet capital lossesto reduce unrealised capital gains in this statement.
Signage
- Opening balances and increases in loss amounts are entered as positive amounts.
- Decreases in loss amounts are entered as negative amounts.