- Assets acquired pre 20/9/85 are not subject to income tax (deeming provisions may result in pre 20/9/85 assets being converted to post. Consult your adviser).
- Asset acquired post 19/9/85 and sold post 20/9/99.
|*Individual Beneficiary assessed|
|*Company Beneficiary assessed|
MTR = Marginal Tax Rate.
* If asset held > Twelve months.
¹ If asset acquired before 21/9/99 an optional method of calculating capital gains is 100% of the gains between the realised price of the asset and its indexed cost base, (frozen indexation at 30 September 1999).
² Other rules apply to distributions of capital gains by unit trusts. Consult your adviser.
If roll-over release is available, a capital gain or a loss from a CGT asset can be deferred or ignored. Consult your adviser if you believe you may be eligible for roll-over relief.