Tax on Sales

the simple way that my brother explained it to me is this

think of all your income as paying tax the same way you get your wages, sales from investments is the exact same as taxes paid on income they just call it capital gains and it gets added to your yearly earnings at the EOFY

so let's say you earn 50k a year, you invested 10k and sold it for 20k in the same FY you need to pay taxes for the tax bracket 60k
which off the top of my head should be 32c to the dollar meaning you pay $3200 capital gains
if you hold your shares for a period of longer than 12 months you can sell you shares and pay a discounted capital gains of 50% off
so if you held that 10k sale until the next financial year you would only pay $1600 instead

Just pay tax at t your normal rate for the capital gains on any share sale, BUT if the shares have been held for 12 months or more then you only declare 50% of the gains. My quick answer but Im not an accountant

Not that this happens on FEX but if sold at a loss you can write this off against other gains