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  • Step 5 Applying the CGT discount

    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

    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