Firstly, probably best you get an accountant to give you some advice as people's personal circumstances can alter the outcome. However as a general rule if you hold the shares in your name (rather than a company, trust, superfund etc) and you sell inside 12 months any capital gain will be added to your taxable income in that financial year. So if you are on a 49% marginal tax rate you will pay nearly half the value of the gain in tax. If you hold the shares for over 12 months you will likely be able to gain the 50% CGT discount - meaning that only half of the gain will be added to your taxable income in that financial year. Hope that helps. Cheers Manish68
BIG Price at posting:
$2.86 Sentiment: Buy Disclosure: Held
