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  • Capital gains

    Your self-managed super fund (SMSF)’s assessable income includes any net capital gains. Complying SMSFs are entitled to a capital gains tax (CGT) discount of one-third if the relevant asset had been owned for at least 12 months.

    A net capital gain is:

    • the total capital gain for the year


    • total capital losses for that year and any unapplied capital losses from earlier years


    • the CGT discount and any other concessions.

    A capital loss (for example, losses on the sale of commercial premises) is not an allowable deduction and is only able to be offset against capital gains. If capital losses are greater than capital gains in a financial year, they must be carried forward to be offset against future capital gains.

    See also:

    • Capital gains tax
    • LCG 2016/8 Superannuation reform: transitional CGT relief for complying superannuation funds and pooled superannuation trusts
    • LCG 2016/8A1 – Addendum Superannuation reform: transfer balance cap and transition-to-retirement reforms: transitional CGT relief for superannuation funds
    Last modified: 01 Feb 2018QC 23344