Thanks for the info guys.
Lets just say if I was earning an income of $65000 a year yet and made over $120,000 Capital Gains from selling shares within the 12 month's.
My income would not determine the tax rate? Having higher Capital gain than my income probably means I need to pay 50 percent tax on my CGT?
I'd love to just pay 30 cents in the dollar if that is possible based on my income.... perhaps I need to see an accountant otherwise I owe the government around $60000 in tax.
(This is my 1st tax return having bought and sold shares this FY....tax is a killer!!!!
Thanks for the info guys. Lets just say if I was earning an...
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