CGT discount for foreign residents

The 50% capital gains tax (CGT) discount is not available to foreign and temporary resident individuals for assets acquired after 8 May 2012.

This includes beneficiaries of trusts and partners in a partnership.

You can only apply the discount to part of your capital gain if either of the following happened:

• you acquired the asset on or before 8 May 2012
• you had a period of Australian residency after 8 May 2012.

If either of these applies to you, use the CGT discount worksheet (PDF, 222KB)This link will download a file to calculate your discount.

CGT events that occurred on or before 8 May 2012 are not affected.

Foreign and temporary residents are subject to CGT only on taxable Australian property.