Some less than perfect explanations about Cgt are not...

Some less than perfect explanations about Cgt are not helping....

Cgt is due on the total net gain (final sale price minus cost base which may include commissions, margin loan interest etc. ). The total dollar capital gain is added to your taxable income, however, if the instrument is held for 12 months then a 50 percent discount is applied to the net gain.

You pay tax as an individual at the appropriate tax band for your total taxable income.

Capital losses can only be applied as an offset for a capital gain nit as a deduction but can be carried forwards into following years.

Best advice, see an accountant, this is not advice, just a basic summary.