What is the tax payable on your net capital gain?



This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

Before the 1999-2000 income year, for an individual and certain trustees the amount of tax payable on the net capital gain was worked out using capital gains tax averaging.

For the 1999-2000 and later income years, the CGT averaging concession is no longer available.

For the 1999-2000 income year only, you may be eligible for a CGT averaging reduction. This reduces the additional tax from the removal of CGT averaging. For more information refer to chapter 3 Removal of CGT averaging.

Last modified: 18 Sep 2009QC 18323