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
FDL
flinders diamonds limited
capital gain tax, page-4
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