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?
