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Where do I enter the capital gain for unit trusts on my tax return

Posted 13 November 2014 under Tax Q&A


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I have an IT3c unit trust provisional consolidated capital gains tax certificate in front of me. I need to fill in the capital gain for my unit trust under code 4250. I believe I need to select the last question on the first page saying - have you received any additional income. From there it gets rather confusing because it asks me under capital gain what assets and how many I have disposed of? Where do I just fill in the capital gain for unit trusts? If I say that I have disposed of assets and the form is created - then the area for 4250 is greyed out and I can't enter anything anyway? Please help

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TaxTim TaxTim says:
13 November 2014 at 22:48

Click that you have disposed of 1 asset and then you can enter the proceeds and cost of the shares sold.

Catherine says:
14 November 2014 at 12:31

Thanks, if I do that and carry on to the bottom of the form to the Capital Gains section then the 4250 code area is greyed out so I'm not sure where I must enter the gain amount?

TaxTim TaxTim says:
14 November 2014 at 13:49

4250 is an auto-total field, so the form uses the amounts entered under Base Cost and Proceeds to calculate the number here. You will need to find these numbers on your IT3C in order for the capital gain field to display the result.


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