Improvements to pre-CGT assets can be deemed to be separate post-CGT assets.
This happens where the indexed cost base of the improvement exceeds both:
a) the improvement threshold for the year; and
b) 5% of the consideration for the sale of the asset.
|
Income Year
|
Improvement Threshold
|
|
Income Year
|
Improvement Threshold
|
|
2020/2021
|
Due 7/2020
|
|
2002/2003
|
$101,239
|
|
2019/2020
|
$153,093
|
|
2001/2002
|
$97,721
|
|
2018/2019
|
$150,386
|
|
2000/2001
|
$92,802
|
|
2017/2018
|
$147,582
|
|
1999/2000
|
$91,072
|
|
2016/2017
|
$145,401
|
|
1998/1999
|
$89,992
|
|
2015/2016
|
$143,392
|
|
1997/1998
|
$89,992
|
|
2014/2015
|
$140,443
|
|
1996/1997
|
$88,227
|
|
2013/2014
|
$136,884
|
|
1995/1996
|
$84,347
|
|
2012/2013
|
$134,200
|
|
1994/1995
|
$82,290
|
|
2011/2012
|
$130,418
|
|
1993/1994
|
$80,756
|
|
2010/2011
|
$126,619
|
|
1992/1993
|
$80,036
|
|
2009/2010
|
$124,258
|
|
1991/1992
|
$78,160
|
|
2008/2009
|
$119,594
|
|
1990/1991
|
$73,459
|
|
2007/2008
|
$116,337
|
|
1989/1990
|
$68,018
|
|
2006/2007
|
$112,512
|
|
1988/1989
|
$63,450
|
|
2005/2006
|
$109,447
|
|
1987/1988
|
$58,859
|
|
2004/2005
|
$106,882
|
|
1986/1987
|
$53,950
|
|
2003/2004
|
$104,377
|
|
1985/1986
|
$50,000
|