Actually, It could leave you a tad worse off.
Yes capital losses offset capital profits... BUT... the profits will be offset against the losses BEFORE the CGT discount applies.
If I had 200k in losses banked, and I just sold something where I made 400k in caital profits, 200k of the profits would go against the losses to wipe that out. The remainder of the 200k profit would then have the 50% CGT discount applied leaving you with $100k taxable. Because you have offset the first $200k to the losses, thats one for one, then add the $100k in profits and you've ended up with $300k as taxable.
If there was no losses banked then you would have potentially got the CGT discount on the whole $400k leaving you with $200k as taxable.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report and Appendix 4C
Actually, It could leave you a tad worse off. Yes capital losses...
-
- 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)
Featured News
Add RNT (ASX) to my watchlist
|
|||||
Last
2.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $13.08M |
Open | High | Low | Value | Volume |
1.9¢ | 2.0¢ | 1.9¢ | $13.18K | 687.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5337 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 53534 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5337 | 0.019 |
6 | 397108 | 0.018 |
1 | 20000 | 0.017 |
2 | 79000 | 0.016 |
1 | 60000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 53534 | 1 |
0.021 | 114958 | 1 |
0.022 | 406300 | 2 |
0.023 | 200000 | 2 |
0.024 | 85362 | 1 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
RNT (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online