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We are saying the same thing.... From the ATO website Capital gains tax - overview Capital gains tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, just part of your income tax. Selling assets such as real estate, shares or managed fund investments is the most...

Hi Westminster, CGT is actually a desirable outcome. It is 50% tax, compared with 100% under standard income tax if flipped within 12 months. I saw Mark Rolton misleading people at the weekend when talking about options, stating no CGT. He was correct, but instead they would pay 100% of tax.

They only paid $325k for it. They won't be eligible for CGT as they have flipped it within 12 months. Note it also sold in 2007 for $375k.