quick tax (cg) question, page-6

  1. ddzx
    37,911 Posts.
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    15/02/11
    19:50
    Post #: 7896226
    check with your accountant or the link i posted

    from memory the general rule is:

    1. add up your capital gains

    2. subtract your capital losses

    3. subtract any CGT discounts

    therefore, it is $100K profit less $50K less less $25 discount

    you pay tax on $25K
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