ato logo

Step 5 Applying the CGT discount

Last updated 5 October 2009

If you have any remaining grossed-up discount capital gains you can now apply the CGT discount - if applicable - and reduce them by 50%.

Remember, you cannot apply the CGT discount to capital gains distributed from the fund calculated using the indexation or 'other' method.

Example 24: Applying CGT discount

Tim has deducted his capital losses (including any unapplied net capital losses from earlier years) from his capital gain. He now reduces the amount remaining by 50%:

$700 × 50% = $350

Tim has a capital gain of $350.

End of example