BAL - Chart, page-508

Just wondering how you came up with the CGT calcs, do you know his tax rate or if he is invested as an individual or a SMSF?

An individual reads like this:

Full capital gain method for calculating the amount of CGT payable for assets held less than 12 months:
1. Calculate the cost base for each part of the asset: (cost of shares plus brokerage)
2. Calculate the assessable capital gains: Consideration received (proceeds of sale less brokerage) - Cost Base
3. Offset any capital losses.
4. Add capital gain to other assessable income to determine overall tax liability.

50% Discount method for calculating the amount of CGT payable for assets bought on or after 11:45 AEST 21 September 1999 and held for at least 12 months:
1. Calculate the cost base for each part of the asset: (cost of shares plus brokerage)
2. Calculate the assessable capital gains: Consideration received (proceeds of sale less brokerage) - Cost Base
3. Offset any capital losses (from the same financial year, then prior years)
4. Calculate 50% allowance (for assets held for more than 12 months): Assessable capital gains x 50%
5. Calculate nominal gain: Assessable capital gain - 50% allowance
6. Add your nominal capital gain to other assessable income to determine your overall tax liability.