OK. So I am a newbie to all of this (I only do this VERY part time and very SMALL- time! My REAL job is not in this arena whatsoever and I know very little but am trying to learn fast!)- please be respectful as we all start sometime!
I am of the understanding that whatever profits/loses are made in a financial year are added to your taxable income and charged at that same rate. Yes?
Therefore, for e.g., If I earn $100 000 / year, taxed at 30-odd percent and I earn $50 000 from shares in that same period, my taxable income is $150 000 and I am taxed at that level.
Correct??
Thanks for your patience/understanding of a newbie!!
