quick tax (cg) question, page-7

  1. 37,911 Posts.
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    in fact, i already posted the forumula in my 1st post

    Your net capital gain is:

    your total capital gains for the year

    minus

    your total capital losses for the year and any unapplied net capital losses from earlier income years

    minus

    any CGT discount to which you are entitled

    so $100k gain minus $50K loss minus $25k discount
 
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