How much CGT?

[So_Cynical]

Thanks guys, that clears it up a little more... Where is the best place to go to learn about all this more?

Just to toss a spanner in the works. I've been buying these over the past two year. So would this mean some are calculated for the post 12 and some on pre 12months?

Yeh so simply the capital gain from the shares held more than 12 months gets a 50% discount and the capital gain from the shares held less than 12 months don't get a discount.

 

[late_start]

This is how I understand...

My current job pay me $60,000 a year. I am on 30% tax rate. I make a profit of $10,000 in stock market within 12 month, I will then have to to pay $3000 in tax for $10,000 profit ($10,000 - 30% = $3,000).

On the other hand, I keep my share for longer than 12 month, I will then sell it for the same profit of $10,000. I would only have to pay $1,500 in tax for $10,000 profit from stock market. (($10,000 - 30%) - 50% discount) = $1,500.