CGT Calculation

The calculation of net capital gain must be done in the following order.

1. Determine total gain from disposal(s)

2. Apply any capital losses from the current and previous year against discountable gains, then non-discountable gains.

3. Apply CGT discount against any remaining discountable gain.

4. The remaining figure will be your net gain.

5. Add the Net Gain to Item 17 in your income tax return.