Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 115.100

    The discount percentage for an amount of a * discount capital gain is:

  (a)   50% if the gain is made:

  (i)   by an individual and neither section   115 - 105 nor 115 - 110 (about foreign or temporary residents) applies to the gain; or

  (ii)   by a trust (other than a trust that is a * complying superannuation entity) and section   115 - 120 (about foreign or temporary residents) does not apply to the gain; or

  (b)   33 1 / 3 % if the gain is made:

  (i)   by a complying superannuation entity; or

  (ii)   by a * life insurance company from a * CGT asset that is a * complying superannuation asset; or

  (c)   the percentage resulting from section   115 - 115 if section   115 - 105 or 115 - 110 applies to the gain; or

  (d)   the percentage resulting from section   115 - 120 if that section applies to the gain; or

  (e)   the percentage resulting from section   115 - 125 if that section applies to the gain.