What is the discount percentage?
- If you have owned the CGT asset for at least 12 months before a CGT event such as a sale occurs you will be entitled to reduce the capital gain by 50 percent.
- This discount is available even if you are a partner in a partnership.
- Trusts are also entitled to the discount.
- Companies are not entitled to this discount.
Read some more FAQS from our Capital Gains section