Capital Gains Tax AUS Question

Jun 19, 2006 2 Replies

A client has held shares for over 12 months. They wish to sell, say they sell the shares and make a capital gain of $2,000, the tax office uses the 50% rule, so you would only pay CGT on the $1,000 of that gain.



So how much tax would the client pay?



Thanks.


I think I worked it out.

The $1,000 is tacked on to the total taxable income when the return is done.

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