A fund has disposed of an investment after 2017 financial year. This investment had previously applied CGT Relief in FY17. How can I check which parcels have been selected to calculate Capital gain?
After the investment has applied for CGT relief in FY17, all parcels under this investment will be disposed and repurchased on CGT Relief Reset Date to reset the tax cost base.
Navigate to Fund Level > Settings > Investment Register
Parcel March Method shows in this page
After applying the CGT:
- All those parcels that have participated in the CGT relief will be deemed to be acquired on the CGT relief reset date (e.g. 30 June 2017).
- When using FIFO as the Parcel Match Method, Class will use the CGT Relief reset date to determine the First-In Parcel.
- If multiple parcels have the same CGT date, Class will use Minimise Taxable Gain method.