Capital Gains Tax 2020/21, page-2

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    The ato site states that '' but you can choose which capital gains you to deduct your losses from''.
    That being the case , you have 400k losses , these are applied to your 350k less than 12 months asset gains , and then 50k to your 300k greater than 12 months owned assets.
    So you are left with 250 k of capital gains , which is eligible for the 50% discount.

    ato site , '' working out your net capital gain or loss ''

    check my arithmetic , and the site.
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