When a property has been held for more than 12 months, a 50 per cent discount is generally applied to the gain. However, companies are not entitled to this discount, nor foreign residents who bought their property after 8 May 2012, and self-managed super funds only get a discount of one third.Dixon adds that you need to factor into your CGT estimations any other income you earn during the year in which you sell your property, as your marginal tax rate will affect how much CGT you ultimately pay. This is because CGT is not really a separate tax, but rather part of your income tax considerations.