CGT Discount Capital Gain Concession: Practice & Solutions

The CGT discount capital gain concession is one of the most frequently applied tax concessions. While in many cases the operation of the concession is straightforward, there are a number of significant issues that can arise in particular situations. The derivation of a discount capital gain by a trust also needs to be carefully watched.

This new TaxCounsel publication examines in some detail the difficulties, problems and opportunities that the CGT discount concession can give rise to.  Helpful features include:

• a chart of operation of the concession;
• a snapshot of the concession;
• tax planning issues; and
• an information locator.

The table of contents is as follows:

1. Operation of the CGT discount capital gain concession
2. Snapshot of the concession
3. Tax planning issues
4. Ordinary income issues
5. What entities can qualify for the CGT discount capital gain concession?
6. Calculating the capital gain
7. Indexation and the CGT discount capital gain concession
8. Ownership period requirement
9. CGT events not relevant
10. Discount percentage
11. Offsetting capital losses
12. Discount capital gains and trusts
13. Anti-avoidance provisions
14. Trust issues
15. Listed investment company shareholders

Pages of text:  44
Price: AUD$60 +GST