The amount of capital gain small business active asset reduction should only be reported in two fields in an individual tax return:
Log in to Tax and select the required tax return.
In the Main form, go to item 18.
Enter Y at labels G and M.
Code A advises the ATO (Australian Taxation Office) that it is a small business active asset reduction (Subdivision 152-C).
In the Capital Gain Tax (CGT) schedule, at item 5, Label A, enter a value.
