AGO 0.00% 4.5¢ atlas iron limited

I think this is right,If you are a individual sole trader, in a...

  1. 1,569 Posts.
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    I think this is right,
    If you are a individual sole trader, in a partnership or the like you're eligible. If you're a company you're not. If you don't have self-funded super set up, (where you get different/added tax breaks). Individuals can recieve a 50% discount on capital gains after 12 months.
    Example :-
    wages/salery = $60,000
    Capital gains from Investments = $50,000
    50% CGT discount = $25,000 (if investment has been held
    for more then 12 months)
    Total taxable Income for the year will be :-
    $60,000 (wages)
    + $25,000 (Capital gains minus discount)
    = $85,000 (taxable Income)
    I'll now go back to familiar forums. Didn't mean to meddle. Good luck to AGO holders. I think you have a great management team with David at the front.
 
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