Unfortunately this is what I thought might be the case, which means in my case because I have a substantial loss from previous years I won’t even get to apply the 50% CGT on my share I sold which was held longer than 12 months.
I’ll confirm on this thread once ATO gets back to me next week.
Thanks guys.
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- 50% capital gains tax discount on shares and deducting previous years capital loses
Unfortunately this is what I thought might be the case, which...
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