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Capital Gains Tax Reduction Question, page-5

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Golden Fleece

3,518 Posts.

261

01/12/20

13:21

Post #: 49266284
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Originally posted by 211461: ↑

Thanks Goldenfleece. Just for my own info, If I was to hold for the 12 months, would it be 45 cents on $50,000.

So sell now pay $45,000 in tax.
If price was still the same come march next year it would be $22,500 tax?

Am I right in interpreting the capital gains tax rules this way?

Cheers

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If I understand the tax laws correctly and you are in the top tax bracket then I believe you are correct

I am not a tax or financial advisor

Just my thoughts

Cheers

GF
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