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

ESS

Click for more information

0.00%

50.0¢ essential metals limited

Ann: Trading Halt-PIO.AX, page-177

First 177 Last

Share
Profile

Follow
pootietang1986

4,337 Posts.

17/05/16

08:55

Post #: 17785055
Share

Originally posted by AbominableYeti ↑

Hi Mate,

You've definitely misunderstood.
If you hold shares for over a year you only pay CGT on 50% of your gains when you sell. If you hold a share for less than a year you have to pay tax on 100% of your earnings.

So lets say you make $40,000 on PIO, $20,000 of that you get to keep tax free (let's call it a reward for picking a great stock) and the other $20,000 you will have to pay tax on at your effective tax rate. Let's say you're effective tax rate ends up being 35% that means you pay $7,000 tax on your total gains.

I hope this makes it clearer.

Expand

sure does!! thanks mate and good luck today!!

PIO Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

There are more pages in this discussion • 86 more messages in this thread...

First 177 Last

Add ESS (ASX) to my watchlist