Assets purchased prior to 20th September 1985 are exempt from CGT. The CGT
Discount reduces the amount of capital tax gains an investor must pay when they sell
their investment property if held for more that 12 months. This can reduce their CGT
by 50% or 33.33% if under a complying Superfund. Introduced in1999, it simplifies
taxation of CGT and promote investing among individuals.

 

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