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.
Start of example
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