Correct. Just talked to my accountant about that the other day. Also capital gains tax isn't an extra tax on top of income tax, just an extension of the income tax. So whatever profits you make from selling after a year, you just add 50% of that profit on top of your annual income to work out how much you get taxed on it.
Hope that makes sense.
CNB Summary and Why Its So Undervalued, page-536
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Last
40.0¢ |
Change
0.020(5.26%) |
Mkt cap ! $68.77M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 40.0¢ | 38.0¢ | $84.27K | 216.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 51147 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 68311 | 1 |
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| CNB (ASX) Chart |