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Application of CGT concessions

Last updated 3 March 2016

A capital gain from a depreciating asset may qualify for the CGT discount if the relevant conditions are satisfied. If the CGT discount applies, there is no reduction of the capital gain under the indexation method, as detailed in chapter 2.

The small business CGT concessions do not apply to a capital gain made from the disposal of a depreciating asset – because a capital gain can only arise in respect of an asset's use for non-taxable purposes (for example, to the extent it is used for private purposes).