A question for the forum on capital gains tax discount for shares held >1 year.
Suppose I sold 2 share holdings in a financial year. These are:
Stock AAA, held for 2 years, profit = $1000.
Stock BBB, held for 2 years, loss = $200.
What is my total capital gains after discount?
$1000/2 - $200 = $300
($1000 - $200)/2 = $400
That is, do I sum all CGT events for holding >1 year before applying the discount?
EDIT: I only needed 2 holdings in the example...