Yes you should speak to your accountant.
On the scenario you suggest you start with $10 you invest the $10 twice each time making $5 profit you now have $20 so you will be taxed on the total profit of $10.
The rate of tax will be determined by your marginal tax rate and whether you are entitled to claim the 50 % capital gains tax concession because during the time between buying and selling a period of 12 months or more has elapsed.
In speaking to your accountant you may wish to discuss whether there may be sense in having a a non earning dependent spouse buying and selling such shares as they would potentially have available the full tax free concession which was in the order of $22,000 per annum.
If you intend to seriously involve yourself in share trading the speaking to your accountant before you start is a must.
My opinion only DYOR.
Chart, page-601
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Last
31.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $608.3M |
Open | High | Low | Value | Volume |
30.5¢ | 32.5¢ | 29.5¢ | $8.006M | 26.05M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1183664 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 549396 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1183664 | 0.305 |
14 | 1167936 | 0.300 |
23 | 774281 | 0.295 |
27 | 2290831 | 0.290 |
19 | 656250 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 479524 | 6 |
0.315 | 364987 | 9 |
0.320 | 677021 | 17 |
0.325 | 624840 | 21 |
0.330 | 283743 | 16 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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