In Australia you have to pay tax on capital gains (Capital Gains Tax or CGT) at your marginal tax rate, when you sell an asset. It's calculated as the difference between the sale and purchase price. However, if you hold that asset for greater than 12 months you receive a 50% discount applied to the CGT. Very different rules to the US, which is why in the US so many more companies are growth orientated.
In Australia you have to pay tax on capital gains (Capital Gains...
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Last
$1.06 |
Change
0.035(3.43%) |
Mkt cap ! $298.0M | |||
| Open | High | Low | Value | Volume |
| 99.5¢ | $1.06 | 99.5¢ | $419.7K | 404.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2508 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 1379 | 1 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| OBL (ASX) Chart |