BAL 0.04% $12.88 bellamy's australia limited

Just wondering how you came up with the CGT calcs, do you know...

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    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.
 
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