In our previous example we assumed:
Let’s assume Fred bought the property in Jan 2005 and sold it in Jan 2023.
He’s held the property for more than 12 months, so a 50% discount is applied to the capital gain made. The gross accessible capital gain of $25,000 is added to Fred’s other assessable income. The other 50% of the capital gain is exempt from tax.
See the table opposite.