• Step 2

    Attention

    Warning:

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

    End of attention

    Work out your capital gain or loss for each asset. Refer to If capital gains tax affects you, how do you work it out? for further information on how to work out your capital gain or loss.

    Important:

    As from 11.45 am on 21 September 1999 the way you calculate your capital gain has changed. Certain capital gains may be eligible to be reduced by 50 per cent (the CGT discount). These are called 'discount capital gains'. In addition, you should note that indexation of the cost base of a CGT asset has been frozen as at 30 September 1999.

    For a CGT event that happens after 11.45 am on 21 September 1999 to a CGT asset that you acquired at or before that time, you have a choice between the CGT discount and indexation of the cost base frozen as at 30 September 1999. You must have owned the asset for at least 12 months to claim either the CGT discount or indexation. For more information refer to The CGT discount.

    Last modified: 18 Sep 2009QC 18323