How to process acquisition and disposal of gold or other precious metals.
The resolution steps would depend on how the investment is set up in Class
The investment is set up as a Collectible account
Navigate to Fund Level > Transactions > Investment - Buy/ Investment - Sell > Collectible Item Purchase/ Collectible Item Sale
For detailed steps on processing acquisition or disposal of collectible, please refer to the following User Guide articles below:
The investment is set up as an unlisted security account
The processing of an acquisition/disposal of this investment would be the same as any security acquisition/disposal.
Navigate to Fund Level > Transaction > Investment - Buy/ Investment - Sell > Unlisted Security Acquisition/ Disposal
For detailed steps on processing acquisition or disposal of an investment account, please refer to the following User Guide articles below:
The ATO website provides information on the CGT treatment of the capital gain/loss on disposal of Collectibles in CGT assets and exemptions.
To learn more on how to set up and process transactions for gold or other precious metals, kindly refer to the following knowledge base articles: