I dont understand how it is valuable to offset capital gains by selling shares at a loss as it dows not equall 1 to 1.
For example 100k capital gain at which you pay say $30,000 at an overall tax rate of 30%.
Throwing in say a $20,000 capital loss, only reduces your tax payable by $6000, so your essentially $14,000 down by selling a stock which "may" take you back to a break even share price.
Please explain If I am interpreting this the wrong way?
I dont understand how it is valuable to offset capital gains by...
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.00M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.5¢ | $15.74K | 444.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 129263 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 144087 | 2 |
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| Last trade - 15.45pm 04/06/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 3.5¢ | 3.6¢ | 3.5¢ | 303252 | ||
| Last updated 13.12pm 04/06/2024 ? | |||||
| WZR (ASX) Chart |