Support Query

When validating the tax return, I receive the following error:

CMN.ATO.CGTS.402243: CGT Relief indicator can not be amended.

Solution

This is an ATO validation error for an amended SMSF annual return. A limitation currently exists in SBR lodgement that the ATO cannot accept an amended return when an SMSF has CGT relief reflected in the Capital Gains Schedule. At this stage, the amended SMSF Return will need to be lodged manually.

However, if the fund does not have any notional capital gains deferred, navigate to the SMSF Return and locate Question 8 on the Net Capital Gains Schedule.

Update the question Have you chosen to apply the transitional CGT relief for superannuation funds?  to equal N/A and remove the notional gain amount at label G you will now be able to save and validate.