Also just as a side note the tax payable on the capital gain, If you are NOT a share trader but an investor is calculated as follows:
- if you hold the shares for more than 12 months you qualify for the 50% CGT Discount
- 01 Sep 2021 purchase 100,000 FFX for $60,000
- 10 OCT 2022 sell 100,000 FFX for $80,000
- CGT $20,000 less 50% discount = $10,000 taxable CGT
- tax payable (assuming your income is less than $120k) at 34.5% = $3,450 (instead of $6900)
- if you sell the shares within 12 months of purchase you do NOT qualify for the 50% CGT Discount
- The demerger document should say when the purchase date is for the LEO shares ,that is :
- it it the time of the demerger or the original date of purchase of the FFX shares
A sharetrader does not get the CGT concessions because they are in the business of share trading
- Forums
- ASX - By Stock
- Demerger tax implication (CGT)
Also just as a side note the tax payable on the capital gain, If...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)