If you sold after 12 months, your capital gain is reduced by 50%, the remaining will be taxed according to your personal tax bracket. Australia is a tax progressive system. Tax rate is depending on individuals taxable income. look up tax table 2019 which will tell you roughly your personal tax rate. The threshold of first $18200 is tax free. Any taxable income above that will be taxed progressively. The max rate is 47% plus medicare levy and applicable medicare surcharge. Is this guidance helpful to you and people who have the same question.
- Forums
- ASX - By Stock
- selling shares - paying less tax
selling shares - paying less tax, page-3
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online