Removal of the CGT averaging concession



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End of attention

The CGT averaging concession that was available for individual taxpayers and certain trustees has been removed for the 1999-2000 and later income years. For the 1999-2000 income year only, a CGT averaging reduction is available if a capital gain is made from a CGT event that happened in the period 1 July 1999 to 21 September 1999 and certain other conditions are met.

Last modified: 18 Sep 2009QC 18323