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Tax Australia: Error: VR.ATO.DISTBENTRT.000011

Updated over 2 months ago

The following error occurs at Validation: VR.ATO.DISTBENTRT.000011.

According to the ATO, there were adjustments to the capital gain calculation and these four labels:

  • Gross capital gain

  • Capital losses applied

  • Capital gains tax (CGT) discount applied

  • CGT small business concessions applied

Please refer to the ATO link for further information.

https://www.ato.gov.au/businesses-and-organisations/trusts/in-detail/compliance/modernising-trust-administration-systems.

Changes will begin on 1 July 2024, affecting lodgments for the 2023–24 income year and onwards; therefore, please follow the suggested calculation method to key in the Capital Gains:

  • The amount of capital gains = capital losses applied + CGT discounts applied + CGT small business concessions applied - total of gross capital gain.

  • F=(F2+F3+F4)- F1

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