FDL flinders diamonds limited

capital gain tax, page-4

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    is the 50% deduction taken into account after before you take out any losses or do you take out your losses before appying the 50% deduction?

    eg held 12mtns

    buy $10
    sell $20
    held 12mnts
    gain of $10

    had losses during year of $5

    so do you go 10 - 5 equals $5 gain to be taxed or

    10 minus 50% deduction = $5 now minus loss $5 = no cap gaions tax
 
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