• Part F: CGT discount on capital gains
    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    In part F you apply the CGT discount.

    Signpost

    Does your entity have a capital gain at Capital gains-discount method (B or E) in part E?

    NO

    Go to part G

    YES

    Read on

    Note-CGT discount

    Companies are not eligible for the CGT discount unless they are life insurance companies or friendly societies that carry on life insurance business. These companies may be entitled to the CGT discount in relation to their complying superannuation business.

    Next, calculate the CGT discount that applies to the capital gains at B and E in part E. The CGT discount percentage is:

    • 33 1/3 per cent for complying superannuation entities or
    • 50 per cent for individuals and trusts.

    Show the amount of the CGT discount at J and K in part F.

    Show the amount of your remaining capital gains at 6A to 6F in part F.

    Last modified: 06 Oct 2009QC 27417