""In my above post it should be that 75% of the GST on brokerage can be claimed back... ""
Easy to get confused about that one- I do all the time.
It's important to note that no other GST in relation to costs incurred in selling shares is allowed, because PROFITS !! on Share Sales (where they are traded) are regarded as "Input Taxed Sales"". This basically means that there is no GST to be charged to the buyer, but at the same time you cannot claim GST on costs incurred in respect of thise Profits....
That info for those of you who want to save a buck and not use (cannot YET afford) an Accountant... lol
