I have a Capital Gain this year of $10,000, from shares I purchased 5 years ago. 50% of this capital gain will therefore be taxable. I also have a CGT Loss of $3,000 from shares I will be selling soon.
I have a question on how the Gain and Loss are netted / calculated. Is the $3,000 Capital Loss deducted from the $10,000 Capital Gain, or from 50% of the Gain which is taxable? In other words, is my net taxable CGT (10,000 - 3,000) =7,000, or (5,000 - 3,000) =2,000?
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2 replies
47 views
2 replies