Can someone assist please, can't seem to set a straight answer from tax office. If I sold shares and had a profit of say $100K on shares held for more than 12 months I should have to pay tax on $50k, But f I had also sold other shares at a loss of say $25K in the same year does the $25k get deducted from the $50k so I only pay tax on $25k or is it only taken off the $100k and you lose the effective gain of the 50% discount. The example the tax dept shows is not really explaining it. Cheers
