Step 9 Applying the CGT discount



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

End of attention

If you have any remaining capital gains you can now apply the CGT discount - if it is applicable - and reduce them by 50%.

Remember, you cannot apply the CGT discount to:

  • capital gains calculated using the indexation method, and
  • capital gains from CGT assets you bought and sold within 12 months.

Example 9: Applying the CGT discount

As Fred had owned his shares for at least 12 months, he can reduce his $800 gain by the CGT discount of 50% to arrive at a net capital gain of $400 (cents are not shown): $800 x 50% = $400

Last modified: 06 Oct 2009QC 27788