If you bought and sold some shares in the same financial year, and you obviously haven’t held them for more than a year, do you still get a CGT bill if you earned under the $20000 tax free threshold? This includes income and profit from the shares. In this scenario is there any difference if you waited until you’d held the shares for over a year?
Capital gains are assessed as normal taxable income on your tax return. If your total taxable income is under $22580 then there is no tax payable.
is there any difference if you waited until you’d held the shares for over a year?
Maybe. The sale price will probably change. Eligible for 50% discount. (if tax resident). If other income is the same then maybe same result - no tax payable.
Capital gains are assessed as normal taxable income on your tax return. If your total taxable income is under $22580 then there is no tax payable.
is there any difference if you waited until you’d held the shares for over a year?
Maybe. The sale price will probably change. Eligible for 50% discount. (if tax resident). If other income is the same then maybe same result - no tax payable.
15 Apr 2026 · 8 min read time
4 Dec 2023 · 9 min read time
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