50% CGT and share trading, page-21

  1. Mozzy
    380 Posts.
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    28/06/18
    19:52
    Post #: 34020993
    Query on my tax return this year.

    Company A have held for more than 12 months and have realised a CGT gain of $5000.

    Company B I have realised a CGT loss of $1000.

    Also have a loss of $500 from last year.

    What is my tax assessable amount?

    Is it:
    $5000 x 50% = $2500
    -$1000
    -$500
    = $1000 assessable for tax?
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    lightbulb Created with Sketch.  Great analysis
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