Australian (ASX) Stock Market Forum

capital gains vs. losses

  1. rustyheela

    Tax question on capital gains vs. losses

    could anyone briefly explain how this works ie hypothetically if u have a capital gain of $1500 and a capital loss of $1500 is the net result $0.00 or does the the loss be deucted from the payable tax on the gain ie gain $1500, @ 30% tax rate = $450 tax payable minus the $1500 loss...