AU Tax - CGT exemption codes for Trusts
Cuurently, if there was a capital gain in the tax return with an exemption that has been added through a CGT worksheet it is not being shown on the printed version of the return at item 21. And further this exemption code is not being transmitted to the ATO. This needs to be amended as lodging the return without these codes means we are lodging falsy misleading tax returns. If this is happening for companies and super funds this will also need to be fixed for their returns as well.
Connor Lennox-Fraser
shared this idea
Thanks for bringing this idea to the community. We understand the request for CGT exemption codes to flow automatically from the worksheet into the relevant return fields and ATO lodgment data.
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