If you bought and sold within the financial year the profits go toward your years income.
Once held for over a year, selling the shares makes a capital gains event, because youve held them so long.
So they'd be taxed at normal income levels within the year as your earnings or a flat 30% if kept for over a year. However, we also have a capital gains tax discount of 50% for when shares are sold a year later, so you only end up paying 15%.
But I failed taxation law this semester.
DYOR its all on the ATO website.
Dumping, page-54
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