LKE 2.78% 3.7¢ lake resources n.l.

Thank you both of you for the ATO link and explanations. It...

  1. 186 Posts.
    lightbulb Created with Sketch. 14
    Thank you both of you for the ATO link and explanations. It helped me figure out why I was so confused so long!!

    I was under the impression that CGT is a separate tax. All the calculations given in the ATO site is about working out the total capital gain (or loss). And if you hold over 12 months, you have 2 options to reduce the capital gain by 50% or more.

    Up to this date I was thinking that for every 2 dollar CG you make, 1 goes to the government straight away. I was so wrong...

    Thanks again and sorry all others for the side talk...

    Back to LKE now!! I wish I could buy a bit more during the shake!! Some of my capital is stuck in the Bitcoin Gold
 
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