Philbar, too true. It gets even more complicated when you have a combination of discounted and non discounted cgt as well as losses.
According to my understanding any capital losses are taken directly off any discounted capital gain first and then non discounted gain.
e.g 20000 discounted capital gain (shares owned for more than a year)
10000 capital loss
5000 non discounted capital gain
you pay tax on (20000-10000)at 50% + 5000=$10000 at your marginal rate.
next hour, page-40
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