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  • Step 5 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 grossed-up discount capital gains you can now apply the CGT discount - if applicable - and reduce them by 50%.

    Remember, you cannot apply the CGT discount to capital gains distributed from the fund calculated using the indexation or 'other' method.

    Example 24: Applying CGT discount

    Tim has deducted his capital losses (including any unapplied net capital losses from earlier years) from his capital gain. He now reduces the amount remaining by 50%:

    $700 × 50% = $350

    Tim has a capital gain of $350.

    End of example
    Last modified: 06 Oct 2009QC 27788