The ATO has introduced a new online tool to help facilitate the calculations of capital gains tax (CGT) discount with  their new online CGT discount calculator.

In order to facilitate the changes that occurred last year in respect of the application of the CGT general discount,  previously known as the CGT 50 per cent discount, the ATO’s online CGT calculator helps determine whether a taxpayer is eligible for a discount, as well as how much discount they can apply for their capital gain.