Question:

Could you please clarify what the capital gains tax is on assets sold within a superannuation  fund.  What is the standard CGT rate and does the 50% exemption apply?

 

Answer:

If the asset is sold before 12 months have elapsed, the capital profit will be taxed at 15%. Once 12 months have passed from date of contract there is a 33% discount which effectively means the gain is taxed at 10%. Bear in mind there is no tax if the fund is in pension phase.