I think this is right,
If you are a individual sole trader, in a partnership or the like you're eligible. If you're a company you're not. If you don't have self-funded super set up, (where you get different/added tax breaks). Individuals can recieve a 50% discount on capital gains after 12 months.
Example :-
wages/salery = $60,000
Capital gains from Investments = $50,000
50% CGT discount = $25,000 (if investment has been held
for more then 12 months)
Total taxable Income for the year will be :-
$60,000 (wages)
+ $25,000 (Capital gains minus discount)
= $85,000 (taxable Income)
I'll now go back to familiar forums. Didn't mean to meddle. Good luck to AGO holders. I think you have a great management team with David at the front.
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