Non-resident Capital Gain Discount (CGT)
Modified on: Tue, 23 Aug, 2022 at 7:50 AM
Question: CGT worksheet has auto applied 50% discount for this client, but he is a foreign resident which shouldn't enjoy 50% discount on CGT. Could you please check it out?
Answer: Discount is applied for non-Australian residents when assets had been acquired before 8 May 2012
Reference link: https://www.ato.gov.au/individuals/capital-gains-tax/foreign-residents-and-capital-gains-tax/cgt-discount-for-foreign-residents/
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