OK. thanks.So even if you did not earn a dollar, (income = 0 )...

OK. thanks.

So even if you did not earn a dollar, (income = 0 ) you then add 50% of you capital gain?

So anything over $12k CG would be taxed at 15c in a dollar etc?. Even if it was less then CPI, as can happen when you sell investment property?

Tax man is making sure nobody gets rich too quickly.

I did not like Howard and Costello then and I like them
even less now.

Well you can always borrow against the shares and pay the banks instead.
Than again, remembering the recent action by ANZ to raid the margin accounts, maybe it is better to give some money to Mr Swan and Co. They might help some working family.

Brian