As previously discussed, the assessable portion of capital gains on assets held for more than 12 months, may be reduced, by a discount factor. The discount that is applied will depend upon the entity that owns the asset:
Please note: From 1 July 2020, Managed Investment Trusts (MITs) and Attribution MITs will no longer be able to apply the 50% capital gains discount at the trust level; ensuring that income is taxed in the hands of investors as if they had invested directly.