Discount Tax Rate, page-2

re: Discount Tax Rate - Xmagx Xmagx,

According to the Capital Gains Tax provisions, the contract date is the start date if you like for the 50% concession (provided you have held the options for greater than 12 months).

In your particular case, contract date is the purchase date rather than the date shown on your Chess Statement.

Please be aware that the ATO can assess you as "carrying on a business" depending on your volume and size of your transactions and subsequently the Capital Gains Discount provisions do not apply.

Hope this helps

Sen