Come tax time ur account will pull up ur asx trading register...

Come tax time ur account will pull up ur asx trading register from the asx....theres no hiding that.

So to confuse things if u hold ur shares longer than 12 months ul get a capital gains discount of 50% depending whot tax bracket u fall into as usual the more u earn the more tax u pay, the less u earn the less u pay.

If u make profit of 500k and have a 100k loss in the same year ul have a capital gains tax of 400k. Then ul get ur capital gains tax discount of 50% if u have held ur shares for 1 year and 1 whole day. U will be in the top tax bracket. Im not a account but ul pay around 100 to 150k tax for that financial year.