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Step 7 - Applying the CGT discount

Last updated 20 April 2020

You can now reduce any remaining current year capital gains calculated using the discount method by the discount percentage (50% for individuals).

You cannot apply the discount to capital gains calculated using the indexation method or the 'other' method.

Start of example

Example: Total capital gains calculated using the discount method

From our earlier example, we know Kathleen had capital gains of $2,520 calculated using the discount method after applying relevant capital losses. She works out her total capital gains by multiplying her capital gain by the CGT discount of 50%:

$2,520 × 50% = $1,260

End of example

QC18504