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If you did not find it useful, please tell us the reason, so that we can fix it. Thanks.

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Editor:
Chris Browne
B.Comm, Dip FP
Chartered Accountant




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 Other Tax MattersCapital Gains TaxImprovement Thresholds for Pre-CGT Assets      Sunday, 20 May 2012  
Improvements Thresholds for Pre-CGT Assets

Income Year

Improvement Threshold

 

Income Year

Improvement Threshold

2012/2013

Due May 2012

 

1998/1999

$89,992

2011/2012

$130,418

 

1997/1998

$89,992

2010/2011

$126,619

 

1996/1997

$88,227

2009/2010

$124,258

 

1995/1996

$84,347

2008/2009

$119,594

 

1994/1995

$82,290

2007/2008

$116,337

 

1993/1994

$80,756

2006/2007

$112,512

 

1992/1993

$80,036

2005/2006

$109,447

 

1991/1992

$78,160

2004/2005

$106,882

 

1990/1991

$73,459

2003/2004

$104,377

 

1989/1990

$68,018

2002/2003

$101,239

 

1988/1989

$63,450

2001/2002

$97,721

 

1987/1988

$58,859

2000/2001

$92,802

 

1986/1987

$53,950

1999/2000

$91,072

 

1985/1986

$50,000

 

Improvements to pre-CGT assets can be deemed to be separate post-CGT assets.

 

This happens where the indexed cost base of the improvement exceeds both:

 

a) the improvement threshold for the year; and

 

b) 5% of the consideration for the sale of the asset. 

 

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This page was last edited on 15 January 2012

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