There is no Capital Gain Event during the year, but the Annual Return shows "Yes" in Section B - Question 11.
For the following situations:
- Fund is using the Proportionate Method
- Fund applies a CGT Relief event
Class will answer Yes to "Did you have a capital gains tax (CGT) event during the year?" and Yes to "Have you applied an exemption or rollover?" X-Other exemptions and rollovers when a fund has either of the above scenarios.
For further information, refer to the ATO website, Have you applied a CGT exemption or rollover?
Refer to Annual Return errors: summary of KB articles for a summary of knowledge article on Annual Return