chucky,
you only have to pay cgt on the parcel that you have sold. so if you have 100000 shares at $1 each and they go to $1.50 ie 50% gain and then you sold $100000 worth ie 66666 shares. your cost base would be $66666 not including brokerage. so $100000 gross - $66666 cost base= $33334 profit would go on to your income and be taxed at your rate. hold for more than 12 months and you get a 50% discount. You can not defer any gains made only losses for the following years. THIS DOES NOT TAKE IN TO ACCOUNT BROKERAGE OR HOLDING COSTS
hope this helps
capital gains question, page-4
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