Simple CGT example with 50% CGT discounf
Jim has made a capital gain of $40,000, with the 50% CGT discount applied only $20,000 of this gain is added to Jim's taxable income and assessed by the ATO.
- Jim buys 100,000 PIO @ 0.10 - $10000
- Jim holds PIO for 12 months to be eligible for the 50% CGT discount
- Jim sells 100,000 PIO @ 0.50 - $50000
As has already been said, the amount of tax you pay is then dependent on the usual suspects, tax bracket, losses to offset gains, negatively geared investments, deductions etc. There are myriad ways to reduce the pain of CGT or time CGT events to coincide with lower income years (I like to head overseas for 6mths and halve my wage earnings )
https://www.ato.gov.au/General/capi...l-gain-or-loss/working-out-your-capital-gain/
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