Paper returns can be a bit of a headache, but they're sometimes necessary. If you need to send a CGT paper return, there are a few things you'll need to do first.

Gather Your Documents

Before you can fill out your CGT paper return, you'll need to gather all of your relevant documents. This includes:

• Your Capital Gains Tax (CGT) return form
• Supporting documents, such as property contracts, tax invoices, and receipts
• Your Notice of Assessment

Fill Out Your CGT Paper Return

Once you have all of your documents, you can start filling out your CGT paper return. The form is divided into several sections, including:

• General information
• Capital gains from assets acquired before 20 September 1985
• Capital gains from assets acquired after 20 September 1985
• Net capital gains
• Tax payable

Attach Your Supporting Documents

Once you've filled out your CGT paper return, you'll need to attach your supporting documents. Make sure that you include all of the relevant documents, as this will help the ATO to process your return more quickly.

Submit Your CGT Paper Return

Once you've filled out your CGT paper return and attached your supporting documents, you can submit it to the ATO. You can do this by:

• Mailing it to the ATO
• Lodging it at an ATO office
• Using the ATO's online services

Tracking Your CGT Paper Return

Once you've submitted your CGT paper return, you can track its progress using the ATO's online services. This will allow you to see when your return has been received and processed.

Am I Eligible to Lodge a Paper Return?

It is important to lodge your tax return electronically unless you are exempt. Many people are required to lodge electronically, including:

• Individuals with a business or investment with a total income of $250,000 or more
• Groups, including partnerships, trusts, and companies
• Superannuation funds with an annual income over $100,000

You may be eligible to lodge a paper return if:

• You are unable to access the internet
• You have a speech or hearing impairment
• You have a cognitive impairment

Where to Send CGT Paper Return

If you have a valid reason to lodge a paper return, you will need to post it to the address below:

Australian Taxation Office
GPO Box 2799
SYDNEY NSW 2001

Make sure to post your return before the due date to avoid late payment penalties.

Frequently Asked Questions

• What is the due date for CGT paper returns?

The due date for CGT paper returns is the same as the due date for other paper tax returns. For the 2022-23 income year, the due date is October 31, 2023.

• Can I submit my CGT paper return electronically?

No, CGT paper returns must be submitted by mail or in person.

• What happens if I miss the due date for my CGT paper return?

If you miss the due date for your CGT paper return, you may be charged a late payment penalty.

• Where can I get help filling out my CGT paper return?

You can get help filling out your CGT paper return from a number of sources, including the ATO website, tax agents, and community legal centers.

• What is the penalty for lodging a paper tax return?

There is no penalty for lodging a paper tax return. However, you may be charged a late payment penalty if you miss the due date.