Hi, The ato site states that '' but you can choose which capital gains you to deduct your losses from''. That being the case , you have 400k losses , these are applied to your 350k less than 12 months asset gains , and then 50k to your 300k greater than 12 months owned assets. So you are left with 250 k of capital gains , which is eligible for the 50% discount.
ato site , '' working out your net capital gain or loss ''
