Tax on capital gain when shares purchased and sold in different period

[gsp77]

Hi,
I purchased shares of a company in different days. Below is the detail.
5000 on 8/08/2020 with $2 per share
4000 on 15/08/2020 with $2.30 per share.
I am planning to sell 4000 shares. For tax purposes do I need to take shares purchased on 8/8/2020 to calculate gain or can I take shares purchased on 15/8/2020?
Thanks for the help

 

[Austwide]

Hi,
I purchased shares of a company in different days. Below is the detail.
5000 on 8/08/2020 with $2 per share
4000 on 15/08/2020 with $2.30 per share.
I am planning to sell 4000 shares. For tax purposes do I need to take shares purchased on 8/8/2020 to calculate gain or can I take shares purchased on 15/8/2020?
Thanks for the help

This is not financial advise, but my understanding is you can sell any of the shares and (if risen)use their respective price for CGT calc. You'll pay CGT on the others when sold. You can either pay more CGT now or later.

 

[rnr]

Hi,
I purchased shares of a company in different days. Below is the detail.
5000 on 8/08/2020 with $2 per share
4000 on 15/08/2020 with $2.30 per share.
I am planning to sell 4000 shares. For tax purposes do I need to take shares purchased on 8/8/2020 to calculate gain or can I take shares purchased on 15/8/2020?
Thanks for the help

Hi @gsp77,

Since joining the ASF Forum on May 8th of this year you have made 8 posts all of which are tax related.

If I may respectfully suggest it would be to your advantage to use the ATO website which has a wealth of information relevant to the questions you ask.

Try the link below to answer your latest question.

Cheers, Rob

Identifying when shares or units are acquired

 

[gsp77]

Hi @gsp77,

Since joining the ASF Forum on May 8th of this year you have made 8 posts all of which are tax related.

If I may respectfully suggest it would be to your advantage to use the ATO website which has a wealth of information relevant to the questions you ask.

Try the link below to answer your latest question.

Cheers, Rob

Identifying when shares or units are acquired

Hi Rob,
Thanks for the link and it’s really helpful. Being new to investing, as I progress I get these questions. With experienced investors in this forum helps a lot.

 

[Dona Ferentes]

@gsp77 there's $100 laying around in the ASF July stock tipping competition, there for the taking. Good odds to win; why don't you try your hand and have a go.?