IMUGENE CHART. TA only, page-7681

I assume you have the shares in your own name and not part of a SMSF. If you hold a share for 12months or more, you are entitled a tax free benefit of 50% of the gain. You know that already. The extra gain if occurred gets added onto your taxable income in the financial year the gain was made. The tax is worked out appropriately from there. You could minimize the tax by deductions, superannuation being one of them for some. This section is for your accountant. But if you buy more shares in the same company after a year, you can make the call as to what is being sold and where it came from. It's really not that difficult if you've made a profit. On a loss, a bit trickier. You want to maximize your benefit at every stage but pay a money man to work this out for you. If you bought 100 shares at $1-00 and a year later bought the companies 100 shares again for $2-00, then sold some or all for $2.20, you could appoint any of the original 2 buys of 100 each to match with the sales at $2.20. It does not have to be first in, first out. It is always a nice problem to have when you make a profit. But seek pro advice and enjoy your IMU's. It is a great investment.