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SMXtimes50folds

4,590 Posts.

501

13/05/20

18:07

Post #: 44602408
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Originally posted by denbo: ↑

And - to make things more fun...all shares ar not created equal. Which is as it should be.

e.g. If you puchased a bunch of share on the KTD IPO for 20c but also bought some 6 months later for 50c then decide to sell some for 40c have you made a profit or a loss?

You can choose which block of share you've sold.

e.g. You can choose the first-in, first-out option. You can choose last-in first-out. You can even pick a specific trade your purchased on a specific day as the shares you sell.

BTW, you'll probably find you accountant will be as useless as TOAB to help you.

My suggestion - be master of your own destiny - you owe it to yourself to get your own knowledge and tax minimisation is perfectly legitimate.

It's fun ... but it helps with tax-planning.

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Now that’s the knowledge I desperately need when I am on these forums. I didn’t know you can chose the middle block as I always thought the first thing first our rules applied. As I tends to hold more than 12 month for the 50% capital gains tax discount before I sell. Something to dig deeper for sure. Thanks heaps denbo

KTD Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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