Most people do not understand the 50% CGT deduction. I see to many times on the forum peoples scenarios and just shake the head.
The only way the 50% is 50% is when you have all profits and no losses. But majority think you hold 12months&1day+ that gain is automatically reduced in half which isn't always the case. They will quickly learn that it isn't when the ATO come asking for their figures.
It is best just for them to make their own mistakes or else seek professional help who do have an understanding of the ATO rule(s).
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Most people do not understand the 50% CGT deduction. I see to...
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