You may have more than one CGT event in an income year.

At the end of the income year, to work out if you made a net capital gain or capital loss:

• add up all your capital gains and subtract your capital losses and any carry forward net capital losses, and
• apply any concessions and discounts you are entitled to.

If you made a net capital gain, it’s added to your assessable income on which you pay tax.

If you made a net capital loss, you carry it forward to offset against capital gains in future income years. You cannot claim a deduction for this loss.