Your capital gain will be taxed by the ATO. If you have held the shares for more than 12 months you can apply the 50% CGT discount. If you have carried forward CG losses or CG losses this tax year you can offset them against the CG from LPI.
Any expenses incurred to make the investment can also be deducted- eg interest on a loan to buy the shares.
Hope this helps.
Your capital gain will be taxed by the ATO. If you have held the...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)