No CGT discount for non-residents,
however former Australian residents will get a pro-rata discount.
From 9 May 2012, the 50% CGT discount allowed for gains made by individuals is reduced for any periods in which the taxpayer has been a foreign resident during the period of ownership (s 115-105 ITAA 1997). This applies irrespective of whether the asset is held directly or through a trust. For these purposes, a foreign resident includes a temporary resident.
The method of calculation varies
according to when the asset was acquired. For example:
If a resident holds an asset as at 8 May 2012, but