1Meet Owen. He's 58 and has held his investments for many years.
2If he sells for more than he paid, he may make a capital gain.
3Brokerage and other buying and selling costs can't be claimed as a deduction, but they're counted when working out the gain.
4Today, if he's an Australian resident and has owned an asset for at least 12 months, he can generally reduce the gain by 50%, after taking off any capital losses.
5From 1 July 2027, the 50% discount is being replaced by inflation indexation and a 30% minimum tax, for gains that build up from that date.
6Owen thinks about timing, and his whole picture, before he sells.
The end
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