Im probably telling most what they already know but just had a 5 minute chat with my accountant which im sure he will charge me $100+ for - so hopefully others can benefit from this
Accountants please correct me if I am not accurate with this
He said that that 100% of my profits from share trades is added to your taxable income if you buy and sell within 12 months of your purchase and only 50% is added if you sell after 12 months.
Its interesting from the perspective of setting a sp sell goal particularly if you are only a short term holder like myself as in essence I am donating about 35% tax on my profits to the government if I sell before June this year.. .. Much less if I sell after the 12 months expire.
Just interesting to know from a planning perspective
Main thing is to ALWAYS seek your advice - best of luck with it!
- Forums
- ASX - By Stock
- Capital Gains Tax
Im probably telling most what they already know but just had a 5...
-
- There are more pages in this discussion • 30 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 88E (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $4.622K | 1.958M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
277 | 309173830 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 625028788 | 229 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
277 | 309173830 | 0.002 |
295 | 1136865474 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 605028788 | 228 |
0.004 | 273673586 | 116 |
0.005 | 79934762 | 59 |
0.006 | 34385906 | 35 |
0.007 | 26259925 | 23 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online