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CGT discount

Last updated 10 August 2021

You may be eligible to use the CGT discount to work out your capital gain if you owned the relevant asset for at least 12 months.

The CGT discount is not limited to capital gains from business assets.

If you are an individual, a partner in a partnership, or a trust, the discount lets you reduce your capital gains by 50%. There are more rules for beneficiaries who are entitled to a share of a trust capital gain. The discount for complying superannuation funds is 33.33%.

Companies cannot use the CGT discount.

When to apply the CGT discount

You apply the CGT discount after offsetting your capital losses against your capital gains, but before applying the small business CGT concessions (apart from the small business 15-year exemption).