Step 7 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
You can now reduce any remaining current year capital gains calculated using the discount method by the discount percentage (50% for individuals).
You cannot apply the discount to capital gains calculated using the indexation method or the 'other' method.
Example 112: Total capital gains calculated using the discount method
From our earlier information, we know Kathleen had capital gains of $2,520 calculated using the discount method after applying relevant capital losses. She works out her total capital gains by multiplying her capital gain by the CGT discount of 50%:
$2,520 50% = $1,260