You can now reduce any remaining current year capital gains calculated using the discount method by the discount percentage (50% for individuals).
You cannot apply the discount to capital gains calculated using the indexation method or the 'other' method.
Start of example
Example 112: Total capital gains calculated using the discount method
From our earlier information, we know Kathleen had capital gains of $2,520 calculated using the discount method after applying relevant capital losses. She works out her total capital gains by multiplying her capital gain by the CGT discount of 50%:
$2,520 × 50% = $1,260End of example