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You are soooo right I rang centrelink, they did not have a clue they said anything That I was in loss over they would count as income. Why put in rules if they have no one who can queries about the rule :rolleyes:

Thank you for your help

G'day I am about to sell a IP and unsure of how CGT works, below is how I think it works (made up numbers is the theory right) BUY $100000 SELL $110000 CAPITAL COST $8000 GAIN $2000 BOUGHT 01.01.09 50% DISCOUNT $1000 ( I KEEP NO TAX?) MY RATE OF TAX 15% WHICH i PAY ON THE...