Patane Accounting Pty Ltd is a CPA Practice
Changes to capital gains tax discount
On 8 May 2012, changes to the CGT discount were announced in the 2012-13 Budget. These changes became law as of 29 June 2013. The changes mean that foreign or temporary residents and Australian residents who have lived overseas may not receive the complete CGT discount. From 8 May 2012, individuals, including beneficiaries of a…