Application of CGT concessions

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A capital gain from disposal of a depreciating asset may qualify for the CGT discount if conditions for the CGT discount are satisfied. If the CGT discount applies, there is no reduction of the capital gain under the indexation method, as detailed in chapter 2.

The small business CGT concessions do not apply to a capital gain made from the disposal of a depreciating asset as any capital gain only arises in respect of the use of the depreciating asset for a non-taxable purpose (for example, to the extent it is used for private purposes).