IMUGENE LIMITED (ASX:IMU) - A Partnership Deal or Buyout for Imugene?, 50479026, page-20 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Australia's largest stock trading and investment forum Australia's #1 stock forum

IMU

Click for more information

6.02%

7.8¢ imugene limited

First 20 Last

Share
Profile

Follow
JimmyBgood

781 Posts.

293

27/01/21

17:32

Post #: 50479026
Share

Originally posted by JimmyBgood: ↑

So this is correct (assuming you earn basically up to $180,000 the tax will be 37c for every dollar you make, every dollar AFTER the $180,000 will be taxed at 45c in the dollar.

The CGT (capital gains tax) discount applies after holding for 1 year. The CGT discount is 50%, so whatever tax bracket you end up in (assuming 37c or 37%) will be halved.
37 ÷ 2 = 18.5% tax
This also includes your INCOME or SALARY, so be aware that if you make $180,000 plus, what you make on shares will have a different tax rate (45c instead of 37c).
There are a lot of other factors including tax free thresholds. For example last years tax return, I was nudged into the top bracket from capital gains and panicked thinking I would now be taxed at the top rate for ALL of my income I had received throughout the year (not just the capital gains) but thankfully I only had to pay the top rate for every dollar OVER the $180,000 (My concern was I would have to pay an extra 8% tax on my income I'd only paid at 37c and not 45c).

ALWAYS, keep the money for tax aside separately and overcompensate a little to be safe from the tax man.

And as always this is not financial advice and correct to the best of my knowledge. DYOR

Expand

IMU Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 82 more messages in this thread...

First 20 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 7.8¢		Change -0.005(6.02%)		Mkt cap ! $570.9M

Open	High	Low	Value	Volume
8.3¢	8.5¢	7.8¢	$2.589M	32.12M

Buyers (Bids)

No.	Vol.	Price($)
12	1890621	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	288251	4

View Market Depth

No.	Vol.	Price($)
12	1890621	0.078
8	663595	0.077
4	391711	0.076
16	1073192	0.075
2	20250	0.074

Price($)	Vol.	No.
0.080	288251	4
0.081	816037	8
0.082	574252	4
0.083	110838	1
0.084	20000	1

Last trade - 16.10pm 18/04/2024 (20 minute delay)


Last 7.8¢			Change -0.005 ( 6.92 %)
Open	High		Low	Volume
8.3¢	8.5¢		7.8¢	15194097
Last updated 15.59pm 18/04/2024 ?

IMU (ASX) Chart