Kiwi not to sure about your interpretation on CGT, all Capital gain is added to your income i.e. salary so the amount of tax paid is related to the net amount which scales up to a total of nil for under $18,200 to $54,547 for $180,000 plus currently 45c in the $ for each dollar over $180,000.
The calculation of CGT for anything held over 12 months is that you pay tax on 50% of the profit, i.e. if you make $100,000 profit on an item held longer than 12 months $50,000 is added to your other income (salary and other Capital gains)
Further information and confirmation can be found here https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/Personal-investors-guide-to-cgt-2016.pdf
AJM Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
