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Brilliant. Thanks. At this stage all I'm after is an approximate idea of the CGT and other liabilities. I still have the shares trading below their cost, and will hold them for another year. The intention is to sell the IP in FY16. The first week of July 2015 would be nice, but unlikely. The...

Terry, thanks. The problem is that I do not know how to do this. A possible way has been suggested above: $200 000 - $40 000 = $160 000/2 = $80 000 * 32.5% = $26 000 tax. Is this correct? If not, advice about the correct way would be appreciated.

Tess, thanks, noted. The example I cited was to give an idea of my understanding, not to be too specific about the dollars and MTR. If at all possible the finances would be structured so as to have taxable income under the point where taxable income is in a higher MTR.

Advice is sought about how to calculate CGT for an IP and shares. Both have been held for over 12 months, so the 50% rule applies. Despite a search I have been unable to determine how the two types of assets are treated together, when sold in one FY. Some approximate figures. The IP was...