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3,443 Posts.
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13/04/21
20:57
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HC family
this is the simple understanding .
if your a individual - cgt applies for assets held longer then 12 months regardless of your classified as an investor or trader
anything less then 12 months is considered additional income and tax at your marginal rate it's simple
if your an individual as only individual are allowed 50% cgt discount you need to hold it eligible for more then 12 months
then if you make $10k profit
you will be only taxed on $5k
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