Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
Division 115
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Discount capital gains and certain trust capital gains
Subdivision 115-B
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Discount percentage
SECTION 115-100
115-100
What is the
discount percentage
for a discount capital gain
The discount percentage for an amount of a * discount capital gain is: (a) 50% if section 115-102 (about new residential dwellings) applies to the gain; or (aa) 50% if:
View history note
Hide history noteThe discount percentage for an amount of a * discount capital gain is: (a) 50% if section 115-102 (about new residential dwellings) applies to the gain; or (aa) 50% if:
(i) the gain is made by an individual from a * CGT event happening before 1 July 2027; and
(ab) 50% if:
(ii) neither section 115-105 nor 115-110 (about foreign or temporary residents) applies to the gain; or
(i) the gain is made by a trust (other than a trust that is a * complying superannuation entity) from a * CGT event happening before 1 July 2027; and
(b) 33% if the gain is made:
(ii) section 115-120 (about foreign or temporary residents) does not apply to the gain; or
(i) by a complying superannuation entity; or
(iia) (Repealed by No 70 of 2015)
(c) the percentage resulting from section 115-115 if section 115-105 or 115-110 applies to the gain; or (d) the percentage resulting from section 115-120 if that section applies to the gain; or (e) the percentage resulting from section 115-125 if that section applies to the gain; or (f) 0% if none of the above paragraphs applies to the gain.
(ii) by a * life insurance company from a * CGT asset that is a * complying superannuation asset; or
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