I have been holding shares for a while now. Approx a year and was thinking about selling shares. I am not sure how this tax thing works. For example I buy a 10000 shares for $1 then sell it for $2 in one year will I recieve $20000 net. Or would capital gains tax come in straight away and I would only be recieving $15000? I am really unsure about this. Does anyone have a reference they could refer me to in order to gain a better insight with tax etc.
Also I heard if you hold a stock for 45 days more before ex div and sell on ex div day you will gain full franking credits?
Thanks in advance.