In this article you will learn how to create an event to record capital gain/loss adjustments to be processed for a  Custom Holding account including:

• Overview
• Accounting and Taxable Gains/Loss
• Div 296 Gain/Loss

Overview

The Realised Accounting Gain/Loss event is used to record both accounting and taxable Gains/Losses for Custom Holding Accounts. 

• The Gain/Loss Amount field is an amount for accounting purposes and will appear on the Match Transactions screen.
• Taxable Gain/Loss and Div 296 Gain/Loss fields are all used for tax purposes only and will not appear on the Match Transactions screen. 
• Events created here will appear in the Browse Event screen with an audit trail

Accounting and Taxable Gains/Loss

Navigate to Fund Level > Transactions > Fund Income > Realised accounting gain/loss

1. Select the Custom Holding Account
2. Enter the Effective Date of the capital gain or loss
3. Enter the net accounting Gain/Loss Amount. Use negative to enter loss
4. Enter the Other Capital Gain gross amount that is not eligible for discount
5. Enter the Discountable Capital Gain gross amount grossed-up (i.e. amount before applying the discount)
6. Enter the Indexed Capital Gain gross amount as a result of applying the indexation method
7. Enter the Capital Loss gross amount made by the custom holding account (must enter a positive number)
8. Enter the Deferred Capital Gains Realised amount as a result of taking up the transitional CGT relief that is being realised for the period. This is only applicable if the effective date of the event is on or after 1 July 2017 and this amount will not be adjusted for CGT discounts or pension exemption factor, it will be applied against capital losses.
9. Enter a Description (Default is Realised Accounting Gain/Loss)
10. Select the CGT Classification of the type of asset that the capital gain or loss occurred on (Default is to 'Use the holding account CGT classification')
11. Click Submit to save
    
    

Div 296 Gain/Loss

The following criteria must be met for the Div 296 Gain/Loss event to appear:

• Entity legal type is SMSF or SAF
• Effective Date is or after 1 July 2026
• CGT classification is not: Non CGT Asset, Traditional Security, Foreign Exchange or Blank

Div 296 capital gain/loss needs to be recorded for financial years that the fund has 'in scope' members and needs to report Div 296 earnings for at least one member.

Consider if the Custom Holding account has parcels with an adjusted cost base on 30 June 2026. 

1. Enter the Div 296 Other Capital Gain gross amount that is not eligible for discount
2. Enter the Div 296 Discountable Capital Gain gross amount grossed-up (i.e. amount before applying the discount)
3. Enter the Div 296 Indexed Capital Gain gross amount as a result of applying the indexation method
4. Enter the Div 296 Capital Loss gross amount made by the custom holding account (must enter a positive number)
    

Div 296 fields are used to record Div 296 capital gain/loss. They will appear on the Div 296 Realised gain report once available.

What's next?

Review article on Custom Holding Account