Activate "Capital Gain" from Financial image 

You have 2 option

a. Fill the form manually

b. Granular approach

Using the LodgeiT Detail option, this approach is more flexible as it contains additional details required for automatic calculation, completely follows the ATO instruction and constantly updating on ATO requirements change.

Add the details including costbase and sale of each disposed of capital asset. 


If you select "Add", you will need to have the relevant information per disposed of asset -

Note that you will have the option to utilise losses manually. If you elect NO, then LodgeiT will automatically apply losses to gain.


Q: While Distribute Trust income, Capital Gain not reflecting in Beneficiaries Tax Return

A: Net capital gain is not distributed from Beneficiary worksheet. Instead, please create CGT worksheet in one of the individuals and fill it there. Learn more from this guide  WORKSHEET: CAPITAL GAIN TAX

Note, the Multiple Trust Distributon figures are for your records purposes only, and only  the total goes to the ATO, ie gross Gain and Net Gain

Other Related Article

Capital Gain tax (CGT) schedule - Main residence exemption and Partial Exemption

How to Exempt the Current Year Capital Gain?

Capital losses in the Managed fund section

Trust Capital Gains in Individual Tax Return (ITR)

Capital Gains - Multiple Trust Distributions of Individual Tax Return (ITR)

Capital Gain Discount used

CGT distribution among investors