Australian (ASX) Stock Market Forum

capital gains tax

  1. john5

    CGT on spending or paying bills

    while ive learned tons about our dreaded cgt over the past few years, there's one part of it i still want to get straight in my head ... as i understand it, if you buy crypto, for example, and keep it untouched for a period of time, then sell it for profit, in aud terms, the gain is included in...
  2. P

    CGT Question

    2 year ago, I bought 1,000 shares of AAA at $3. This year I sold 500 shares of AAA at $5 making a profit of $1,000. However later in the same tax year and regretting my earlier trade, I bought back 500 shares of AAA at $5. Question: Do I have to declare a profit of $1,000 to ATO, or not since my...
  3. S

    Labor's proposed franking credit changes

    shortentaxlosers.com.au All explained. It's not just a retiree tax. 8.1 million people will lose franking credit cash refunds. People under $37k 10.500,000 Less exempt pensioners -3,500,000 583,000 SMSF Accumulation mode 583,000 517,000 SMSF...
  4. C

    CGT from shares sold - HELP

    Hi, I am new here and hope someone can at least give me some sound advice, or point me in the right direction. I have to say, trying to read the ATO site is not that easy, it is just links to more links, very confusing. Anyway, to my question. Basically, my circumstance is I received shares...
  5. Init

    Capital gains tax question

    I have recently come to the point with one of my investments where it is an ideal time to sell due to a likely transition towards a bearish trend, however I have held onto this stock for a few months short of a year. My understanding of capital gains tax is that if you have held onto the share...
  6. E

    Capital gains tax and reinvesting

    hi all thanks in advance for any help just wondering how capital gains will affect my reinvesting what i want to know is if i take 10000 profit and reinvest it in shares do i need to pay capital gains on that or does it work out that i still havent made a profit as my shares are reinvested
  7. T

    Shorting for reduced Capital Gains Tax

    Gday. New Here. Is there a strategy where you have say 10 positions and trade them Long, then when those positions are moving down you short them , but also keep the long position open. This way you could hold the Stock/ instrument for 12 months paying tax on only 50% of profits. You trade...
  8. T

    CGT and Personal Income Tax

    Guys, I have been out of the country for couple of years and only returned earlier this financial year. Some of the shares I bought back around 2010 significantly appreciated in value and I am sitting on large paper profits. I want to sell and realise the profits but before doing so I am...
  9. S

    Advice re: inherited shares and CGT

    Hi, first time share owner/seller and forum user. Seeking advice regarding the following. I inherited a small number of CBA shares in 2009 when my mother died. She was gifted these by her mother circa 1999 (date to be confirmed, I am having dad try to find her HIN/SSN to get more accurate...
  10. V

    Question on CGT for individuals

    how does the taxation office tract your CGT on stocks? so if I earn less than 18k in a year from work and then gained 1k from stock, does that mean that the 19c from every dollar will be deducted on the 19k? ATO has a table of the threshold for individuals. 18k above is the starting...
  11. O

    Capital gains tax and principal place of residence

    Hi, In the news lately there's been talk of removing the family home from capital gains exemption. How likely is this? and would the interest paid on mortgage payments be tax deductable if this were the case? What if you don't have the income to tax deduct against? Many thanks for any opinions.
  12. D

    USA CGT on SMSF investment in shares/ETFs

    Hi, from my research it appears that if my SMSF invests in USA shares / ETFs then the tax treatment is: dividends: USA imposes Withholding tax of 15% on the dividend. This can then be used as a foreign tax credit against tax payable in Australia. If SMSF is in pension mode, it is lost...
  13. M

    Capital gains tax for a newbie

    Hello, Question on tax, if I purchase shares for $500 and decide I want out and then sell it for $500 (breaking even) do I need to pay tax? Also if I buy shares for $500 and my portfolio goes up to $1000 and I decide to sell half to free carry do I pay tax on that even though im selling...
  14. F

    Tax Question: CGT discount and CFDs/Stocks

    Curious on the tax implications of the following - If I have traded a few shares in the past year (to reduce my losses on most of them)... as well as held a few other shares, do I still get the CGT discount on the shares I have held for >1year? Further to this, I have also been trading...
  15. B

    Capital Gains Tax (CGT) on ETFs

    Hi, Quick question. I'm new to the stock market. Let's say a buy $5000 worth of ETFs, hold on to it for well over a year, and sell it for $7500 (for a $2500 profit). Does that mean that $2500 * 50% = $1250 would become part of my taxable income? When it comes to the calculation of the...
  16. P

    Question: Capital Gains Tax & Shares

    Hi I have an ususual situation (probably) and am seeking a solution. I have shares registered in a company name. However I have different account designations to identify which shares belong to which beneficiary. Now if I want to transfer shares from one account designation to another e.g...
  17. L

    Liquidation of family trust assets and capital gains tax

    Hi I am executor for an estate that that holds shares in a family trust. Some of these shares have been held for 10-15 years and have accrued significant capital gain. Can people give me an idea of the kinds of ways of dealing with capital gains tax as the assets are liquidated and the...
  18. M

    How to sell shares as a non-resident?

    Hi, I obtained a number of Aussie shares some time ago while an Australian resident. I'm now living in Norway as a non-resident and would like to sell these shares but am not sure how to go about it. For a one-off trade am I better off using an actual broker or some type of electronic...
  19. K

    BHP shares and Capital Gains Tax

    Hi everyone Just trying to sort out my taxes and as I have sold my shares within the last couple of years I need to get this sorted - I tried to speak with the ATO about this last financial year but they didn't give me any help at all hence why I thought asking on here could help me at least...
  20. MACCA350

    CGT on partial sale

    I've just sold a portion of a few stocks that are around double what I entered so I can retain the initial capital outlay and ride the profits. Since this is my first financial year of trading I have yet to deal with CGT. My question is: Is the CGT applied on a per share basis or on a per...
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