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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