Capital Gains on shares

[Starting out]

Hi Guys,
Is capital gains on shares the same as it is for property?
Ie. Hold for 12 months and pay 50%? and sell under 12 months and pay 100%?
Thanks in advance
Starting out

[Alan H]

Yep.


:)

[DaleGG]

Hi

I don't mean to be difficult or technical, but . . . the CG is taxed at marginal rates and this tax is worked out on either 50% of the gain if the asset is held fro more than 1 year, or 100% of the gain if the asset is sold within the year.

Dale

[Les]

Hehe, UNLESS it is profit gained in a SMSF (i.e. capital gain, buy/sell).....

Different %ages apply in that situation (15% sounds about right, I think...) How am I doing Dale? Yeah, yeah, diffident - I know - 'cos I don't REALLY know it - but it is something like that ..)

;)

Regards,

[DaleGG]

HI Les

Whilst the actual tax rate is different from an individual, the process remains the same . . . only, instead of a 50% discount, it is a 33.3% disount.

For a superannuation fund, the normal tax rate = 15% and CG tax rate is 10% where asset held for more than 1 year.

Have fun

Dale


Originally posted by Les
Hehe, UNLESS it is profit gained in a SMSF (i.e. capital gain, buy/sell).....

Different %ages apply in that situation (15% sounds about right, I think...) How am I doing Dale? Yeah, yeah, diffident - I know - 'cos I don't REALLY know it - but it is something like that ..)

;)

Regards,

[Les]

Thanks, Dale - can I give myself a half point for being half-right?

;)

Regards,

[dtraeger2k]

Hi Les,

Only if you take 1/2 a point off for being half wrong :p

Hehe just kidding, thats the same answer i would have said too. Im glad Dale is here to save us all ;)

-Cheers

Dave