ASX 0.49% $65.30 asx limited

Is it true that is you make $50k profit and then borrow $50 to...

  1. 442 Posts.

    Is it true that is you make $50k profit and then borrow $50 to invest you dont have to pay cgt on the $50k profit ?

    seems strange as you could use the $50k profit to pay off the loan dow the track.
 
watchlist Created with Sketch. Add ASX (ASX) to my watchlist
(20min delay)
Last
$65.30
Change
0.320(0.49%)
Mkt cap ! $12.59B
Open High Low Value Volume
$64.98 $65.35 $64.90 $2.207M 33.91K

Buyers (Bids)

No. Vol. Price($)
5 183 $65.29
 

Sellers (Offers)

Price($) Vol. No.
$65.34 78 4
View Market Depth
Last trade - 10.26am 31/07/2024 (20 minute delay) ?
ASX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.