26 May 1111
CGT improvement threshold for 2011-12 - TD 2011/13
The CGT improvement threshold for the 2011-12 income year is $130,418. This replaces the improvement threshold for the 2010-11 income year, which was $126,619.
The new threshold is set out in Taxation Determination TD 2011/13, entitled “Income tax: capital gains: what is the improvement threshold for the 2011-12 income year under section 108-85 of the Income Tax Assessment Act 1997?”, which was issued by the ATO on 25 May 2011.
The improvement threshold is determined for the purposes of s 108-70 of the ITAA 1997 (about when a capital improvement to a pre-CGT asset is a separate asset) and s 108-75 of the ITAA 1997 (about capital improvements to CGT assets for which a rollover may be available). The improvement threshold is indexed annually.