CAPITAL GAINS TAX
| General CGT Discount Rate |
|
| Taxpayer* | Discount Rate |
| Individual | 50% |
| Trust (not a complying superfund) | 50% |
| Complying Superfund | 33 1/3% |
| Companies | Ineligible |
*To qualify, a CGT event must happen after 11.45am AEST 21st Sept 1999 to an asset held at least 12 months. Indexation and CGT discount cannot both apply. |
|
Capital Gains Tax (CGT) Improvement Threshold
The improvement threshold for 2005/06 is $109,447.
