Step 9 Applying the CGT discount
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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.
Last modified: 04 Mar 2016QC 19437
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:
$800 x 50% = $400
End of example