Tax for shares, page-7

  1. 3 Posts.
    Hello Ddzx

    Im new in Australia, I come from Italy , sorry in advance for my bad english, but I hope,you can help me for better understand australian tax.

    1)My scenario is that I earn 54.000$ from my job.

    In my account forex(strade), I put 5000$ and currently after some lose,some profit I have 6200$ ( 1200$ profit)

    Example :If I withdraw to my account bank only 1.000$ Before 30 june, can I put 4.000$ lose in my tax back?
    Example is like i earn only 50.000$ for this year? And If I withdraw next year the other 5200$ ,is like next year I have 5200$ profit?

    Is good What I understand ?


    And I have another question , if I hold more then 12 months some share, I have 50% discount capital gain tax.
    This rule is for everythings or just asx market?
    Example
    2) my scenario is that I bought 100 shares of I shares I boxx high yeld usd $ .
    I bought Example for 11.000 aud $, if after 12 months I sell for 12.000 aud $ , I must pay tax only in 50% of this capital gain? Only 500$ go in my income And 500$ tax free?

    And about dividend what uppen?

    I read in internet but I m not sure of What i understand ,
    3)is true first 5.000$ dividend is tax free?
    4) is true dividend in usa like ishare iboxx is al ready payed in advance 15% ?
    5)if the dividend is al ready payed in advance And if is true the limit of 5000$ In dividend is tax free , can I can Claim the 15% of dividend al ready payed in advance in my tax back?

    I hope you can help me , I ask the same question to my tax agent, but over 1 week And still not answer me, I need know understand thats rules for I can do the better strategy before 30 June.

    Kind regards,

    Paolo
 
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