LIC capital gain tax deduction

What is the LIC capital gain tax deduction?

If Argo makes a discounted capital gain on the sale of a long-term holding in its portfolio, the capital gains tax discount can be passed on to shareholders as though they made the gain themselves.

The benefit is passed through when we declare part of a dividend to have a listed investment company (LIC) capital gain component, which provides a tax deduction that most Australian individuals, partnerships and trusts (50% discount) and SMSFs (33 1/3% discount) can claim.

Where is my tax deduction shown?

Refer to the 'Important tax information' section in the centre of your dividend statement to find the deductible amount relevant to you.

More information

For more information, including how to claim your tax deduction, read our information sheet: