Australia's largest stock trading and investment forum Australia's #1 stock forum

End of year taxable income calculation, page-20

First 20 Last

Share
Profile

Follow
dale76

18 Posts.

1

02/06/19

12:12

Post #: 38866544
Share

Originally posted by pintohoo: ↑

HC is not actually a place where we are supposed to give advice - but, we can suggest --

here's a pretty wise suggestion ------

don't try and trick the Tax department --- they have the ability to make your life complete and utter crap --

it's just not worth the tricks if you get flagged - - you life can turn from lovely to a pile of dog crap in one easy act --

if you do what your accountant tells you - at least, you are able to say - that's what I was told.

It's simple -- if you buy 20k shares - and, you sell them for a profit - you trigger a CG event ------------ simple -

if you buy the same stock for less - etc etc - all you will do is confuse yourself - which, it seems, you have done already.

Until you really are across the rules and are very confident ---- the suggestion is to not wave red flags at the tax bull - because if he even notices you --------------------- hmmmmmmmmmmmm

you life will be anything but boring

Expand

Im not trying to trick taxation department at all im just asking for help if somebody can help me where i made $20 000 profit in above example?
1 Upvote

Reply

Top Stories

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Shekel Brainweigh and Calmer Co lead innovations in the retail space

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 14 more messages in this thread...

First 20 Last

SPONSORED BY