{"id":50,"date":"2025-07-31T06:16:12","date_gmt":"2025-07-31T06:16:12","guid":{"rendered":"https:\/\/www.mindyoursuper.com.au\/blogs\/?p=50"},"modified":"2025-07-31T06:16:14","modified_gmt":"2025-07-31T06:16:14","slug":"cgt-discount-smsf-2024-changes","status":"publish","type":"post","link":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/","title":{"rendered":"Capital Gains Tax Discount Changes for SMSFs in 2024"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Capital Gains Tax Discount Changes for SMSFs in 2024<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Capital Gains Tax (CGT) is an important consideration for Self-Managed Superannuation Funds (SMSFs), particularly those that invest in property, shares, and other long-term assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2024, new changes were introduced to the<a href=\"https:\/\/www.mindyoursuper.com.au\/\"> <strong>CGT discount SMSF 2024<\/strong><\/a> rules. These changes directly affect how SMSFs manage their investments and tax obligations. This blog explains what\u2019s changed and how SMSFs can adjust their strategies to stay compliant and tax-efficient.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. Capital Gains Tax Discount \u2013 A Quick Overview<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">SMSFs receive a CGT discount when they sell assets that have been held for more than 12 months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Previously<\/strong>, SMSFs qualified for a <strong>one-third CGT discount<\/strong>, which effectively reduced the tax rate on long-term gains from <strong>15% to 10%<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. What Changed in 2024?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">From 2024, the CGT discount for SMSFs has been <strong>reduced from one-third to 20%<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This means the effective tax rate on long-term capital gains has <strong>increased from 10% to 12%<\/strong>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Example<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">If an SMSF sells a property or shares held for more than a year, the capital gain is now taxed at <strong>12%<\/strong>, rather than the previous 10%.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. How This Impacts Investment Strategies<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This reduction in the <a href=\"https:\/\/www.mindyoursuper.com.au\/\"><strong>CGT discount SMSF 2024<\/strong><\/a> affects how trustees should plan asset sales and overall fund strategy. Some steps to consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Timing of Asset Sales<\/strong><strong><br><\/strong> Consider delaying asset sales to allow further growth, or sell during low-income years to reduce CGT impact.<br><\/li>\n\n\n\n<li><strong>Invest in Tax-Advantaged Assets<\/strong><strong><br><\/strong> Diversify into products that offer tax benefits or qualify for other CGT concessions.<br><\/li>\n\n\n\n<li><strong>Use Capital Losses<\/strong><strong><br><\/strong> Offset current gains using previous or current-year capital losses to reduce overall tax.<br><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Adjusting your investment strategy to reflect the lower CGT discount is essential to protecting your SMSF&#8217;s after-tax returns.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. Effects on Retirement Income<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Higher CGT means that net proceeds from selling fund assets may be lower, which can directly affect retirement income for SMSF members.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trustees should consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reevaluating Withdrawal Strategies<\/strong><strong><br><\/strong> Reassess pension drawdowns to ensure long-term sustainability of the fund.<br><\/li>\n\n\n\n<li><strong>Diversifying Income Sources<\/strong><strong><br><\/strong> Explore dividend-paying shares or fixed-interest investments to reduce reliance on asset sales.<br><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Strategic planning is now even more important to meet members\u2019 income needs under the new rules.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>5. Importance of Compliance and Record-Keeping<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>CGT discount SMSF 2024<\/strong> changes also highlight the need for accurate records and tax reporting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key actions include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Maintain Detailed Records<\/strong><strong><br><\/strong> Log all asset purchases and sales, including dates and values, for precise CGT calculations.<br><\/li>\n\n\n\n<li><strong>Regularly Review Your Tax Position<\/strong><strong><br><\/strong> Conduct periodic reviews to assess your fund&#8217;s current and future CGT obligations and identify planning opportunities.<br><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Proper record-keeping and regular reviews can help minimize tax liabilities and ensure compliance.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The 2024 reduction in the <a href=\"https:\/\/www.mindyoursuper.com.au\/\"><strong>CGT discount SMSF 2024<\/strong><\/a> introduces new challenges for SMSF trustees. But with the right approach\u2014adjusting investment strategies, managing retirement income wisely, and maintaining strong compliance\u2014funds can remain effective and tax-efficient.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Need help navigating the changes? Our SMSF experts can provide personalised advice to help you build a tax-smart investment strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Contact us today<\/strong> to discuss how we can support your SMSF\u2019s success under the new rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital Gains Tax Discount Changes for SMSFs in 2024 Capital Gains Tax (CGT) is an important consideration for Self-Managed Superannuation Funds (SMSFs), particularly those that invest in property, shares, and other long-term assets. In 2024, new changes were introduced to the CGT discount SMSF 2024 rules. These changes directly affect how SMSFs manage their investments [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-50","post","type-post","status-publish","format-standard","hentry","category-cgt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Understanding the CGT Discount SMSF 2024 Changes<\/title>\n<meta name=\"description\" content=\"Discover how the CGT discount SMSF 2024 changes affect trustees and learn strategies to manage investments and reduce tax impact.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding the CGT Discount SMSF 2024 Changes\" \/>\n<meta property=\"og:description\" content=\"Discover how the CGT discount SMSF 2024 changes affect trustees and learn strategies to manage investments and reduce tax impact.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/\" \/>\n<meta property=\"og:site_name\" content=\"Mind Your Super\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-31T06:16:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-31T06:16:14+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/#\/schema\/person\/6c99536a27aa5f16970a23a6f457bd8f\"},\"headline\":\"Capital Gains Tax Discount Changes for SMSFs in 2024\",\"datePublished\":\"2025-07-31T06:16:12+00:00\",\"dateModified\":\"2025-07-31T06:16:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/\"},\"wordCount\":500,\"commentCount\":0,\"articleSection\":[\"CGT\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/\",\"url\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/\",\"name\":\"Understanding the CGT Discount SMSF 2024 Changes\",\"isPartOf\":{\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/#website\"},\"datePublished\":\"2025-07-31T06:16:12+00:00\",\"dateModified\":\"2025-07-31T06:16:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/#\/schema\/person\/6c99536a27aa5f16970a23a6f457bd8f\"},\"description\":\"Discover how the CGT discount SMSF 2024 changes affect trustees and learn strategies to manage investments and reduce tax impact.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Capital Gains Tax Discount Changes for SMSFs in 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/#website\",\"url\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/\",\"name\":\"Mind Your Super\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/#\/schema\/person\/6c99536a27aa5f16970a23a6f457bd8f\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/46317ae3eba93f84439e54f1511c65c7d2068acba394e249a0503bbc9274944f?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/46317ae3eba93f84439e54f1511c65c7d2068acba394e249a0503bbc9274944f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/46317ae3eba93f84439e54f1511c65c7d2068acba394e249a0503bbc9274944f?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/www.mindyoursuper.com.au\/blogs\"],\"url\":\"https:\/\/www.mindyoursuper.com.au\/blogs\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Understanding the CGT Discount SMSF 2024 Changes","description":"Discover how the CGT discount SMSF 2024 changes affect trustees and learn strategies to manage investments and reduce tax impact.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/","og_locale":"en_US","og_type":"article","og_title":"Understanding the CGT Discount SMSF 2024 Changes","og_description":"Discover how the CGT discount SMSF 2024 changes affect trustees and learn strategies to manage investments and reduce tax impact.","og_url":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/","og_site_name":"Mind Your Super","article_published_time":"2025-07-31T06:16:12+00:00","article_modified_time":"2025-07-31T06:16:14+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/#article","isPartOf":{"@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/"},"author":{"name":"admin","@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/#\/schema\/person\/6c99536a27aa5f16970a23a6f457bd8f"},"headline":"Capital Gains Tax Discount Changes for SMSFs in 2024","datePublished":"2025-07-31T06:16:12+00:00","dateModified":"2025-07-31T06:16:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/"},"wordCount":500,"commentCount":0,"articleSection":["CGT"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/","url":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/","name":"Understanding the CGT Discount SMSF 2024 Changes","isPartOf":{"@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/#website"},"datePublished":"2025-07-31T06:16:12+00:00","dateModified":"2025-07-31T06:16:14+00:00","author":{"@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/#\/schema\/person\/6c99536a27aa5f16970a23a6f457bd8f"},"description":"Discover how the CGT discount SMSF 2024 changes affect trustees and learn strategies to manage investments and reduce tax impact.","breadcrumb":{"@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/cgt-discount-smsf-2024-changes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mindyoursuper.com.au\/blogs\/"},{"@type":"ListItem","position":2,"name":"Capital Gains Tax Discount Changes for SMSFs in 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/#website","url":"https:\/\/www.mindyoursuper.com.au\/blogs\/","name":"Mind Your Super","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mindyoursuper.com.au\/blogs\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.mindyoursuper.com.au\/blogs\/#\/schema\/person\/6c99536a27aa5f16970a23a6f457bd8f","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/46317ae3eba93f84439e54f1511c65c7d2068acba394e249a0503bbc9274944f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/46317ae3eba93f84439e54f1511c65c7d2068acba394e249a0503bbc9274944f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/46317ae3eba93f84439e54f1511c65c7d2068acba394e249a0503bbc9274944f?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/www.mindyoursuper.com.au\/blogs"],"url":"https:\/\/www.mindyoursuper.com.au\/blogs\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/posts\/50","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/comments?post=50"}],"version-history":[{"count":1,"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/posts\/50\/revisions"}],"predecessor-version":[{"id":51,"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/posts\/50\/revisions\/51"}],"wp:attachment":[{"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/media?parent=50"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/categories?post=50"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mindyoursuper.com.au\/blogs\/wp-json\/wp\/v2\/tags?post=50"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}