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

IMU

Click for more information

3.00%

4.9¢ imugene limited

Moderated post said to set up different accounts. Simple

First 34697 Last

Share
Profile

Follow
slick

14,442 Posts.

7685

23/09/24

06:52

Post #: 75787817
Share

Originally posted by 1MRX: ↑

Slick & Hittman, and others with input on my question - thanks for your patience on this.

I think i understand but i may have asked a very vague question, not to do with CGT per say - Im with the idea you earn more you pay more tax, but the 12 month CGT discount is what im trying to understand from a view of its benefit's.

IF? - i hold a parcel of 500,000 shares for over 12 months - once i sell i qualify for the discount.

After holding 500,000 shares for over 12 months and not selling any of them - What if i buy more, then sell the next day for a profit, the exact amount i bought the day before.

If i can make a few thousand dollars with the quick trades here and there thats one option - But, if a take over offer or some huge announcement is dropped im wondering if the few thousand dollars i can make trading this is worth it if with CGT discount benefit which may be in the 10's or hundreds of thousands.

So, does my original parcel of shares which i have held for over 12 months still qualify for the CGT discount, even though i haven't sold them prior to buying more then selling them (trading them) - does the 12 month timer start again.

Expand

Moderated post said to set up different accounts. Simple

IMU Price at posting: 4.8¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

ZER

Zeta Resources seeks to resolve the Panoramic takeover story

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

LGM

Legacy hits high-grade gold, silver and copper through drilling at NSW's Bauloora

4DX

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

There are more pages in this discussion • 92 more messages in this thread...

First 34697 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 4.9¢		Change -0.002(3.00%)		Mkt cap ! $371.8M

Open	High	Low	Value	Volume
5.0¢	5.0¢	4.8¢	$319.5K	6.518M

Buyers (Bids)

No.	Vol.	Price($)
53	9903852	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	3132745	24

View Market Depth

No.	Vol.	Price($)
50	4547239	0.049
57	10394968	0.048
37	3641150	0.047
28	2050916	0.046
39	4631077	0.045

Price($)	Vol.	No.
0.050	2341359	20
0.051	7111189	17
0.052	2274740	9
0.053	1099177	14
0.054	1949787	12

Last trade - 10.41am 27/09/2024 (20 minute delay)

IMU (ASX) Chart