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This form is used for tax reporting and filing purposes by the Australian Taxation Office. A NAT 3423 form is known as a Capital Gains Tax (CGT) Schedule. This form will be released each tax year. This is not an individual tax form, but it will be submitted in conjunction with company, fund, or trust income tax returns.
This form requires information about the taxpayer. This includes their tax file number, Australian business number (ABN), and full name. The next section will detail the capital gains and capital losses for the tax year. This will include financial information about the company or organization. This information is needed in order to determine your net capital gain. This amount will be used to calculate how much you owe in taxes for the year.
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