1 June 2018, page-9

Sorry, always best to get the definition from the ATO. Mine came from my perspective of the tax bracket I would fall into if I sold my holding I.e. Down from 50% to 25. As I stated in one of my previous posts "everybody's circumstances are different". Sorry for the confusion. Below is an extract from the Ato.

• Working out your capital gain
  For most CGT events, your capital gain is the difference between your capital proceeds and the cost base of your CGT asset. (The cost base of a CGT asset is largely what you paid for it, together with some other costs associated with acquiring, holding and disposing of it.)
  
  There are three methods for working out your capital gain. You can choose the method that gives you the best result – that is, the smallest capital gain.
  
  CGT discount method
  • Eligibility: For assets held for 12 months or more before the relevant CGT event.
    • Not available to companies.
    • For foreign resident individuals, the 50% discount is removed or reduced on capital gains made after 8 May 2012.
  • Description: Allows you to reduce your capital gain by
    • 50% for resident individuals (including partners in partnerships) and trusts
    • 33.33% for complying super funds.
  • How to do it: Subtract the cost base from the capital proceeds, deduct any capital losses, then reduce by the relevant discount percentage