Shane, that is all complete rubbish. Sounds a lot like the tripe you used to dribble on the RTR thread.
JSB - if you're trading shares in your personal name and sell a share within 12 months, you pay tax on 100% of that gain at your individual tax rates. If your taxable income for the financial year is 80k then you pay 38.5% tax (inc medicare levy) on what ever your gain is. If you own the share longer then 12 months, then you basically pay tax on 50% of the gain (CGT discount) at your individual rates. If you have previous capital losses you can apply those against your gains, reducing the amount of capital gain you pay tax on.
ADV Price at posting:
2.2¢ Sentiment: Buy Disclosure: Not Held
