Your SMSF’s assessable income includes any net capital gains. Complying SMSFs are entitled to a 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.
The assessable income from your SMSF includes net capital gains. Complying SMSFs are entitled to a capital gains tax discount of one-third if the relevant asset was owned for more than 12 months.