Hi ohyeah76
Thank you for sharing your source of information.
Please consider mine:
https://www.ato.gov.au/General/Capital-gains-tax/ - "When you make a capital gain, it is added to your assessable income and may significantly increase the tax you need to pay"
And the tax you pay will depend on the below:
https://www.ato.gov.au/Rates/Individual-income-tax-rates/
In case you want to reconcile assessable income vs taxable income, see below:
http://taxboard.gov.au/files/2015/07/tvm_assessment_attachment_h.rtf - "Tax is payable on a person's taxable income. Taxable income is the difference between a person's assessable income and their deductions."
Ta
Hi ohyeah76Thank you for sharing your source of...
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