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Capital Gains & Mytax

Newbie

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Hi Guys, thanks for the help with my last question, hope you can assist with this one.

Bought Mebibank Private shares in 2014 and solid them in 08/2019.

Made a profit of $2374.00, I think this is classed as capital gains.

How should I enter this in Mytax

 

Kind Regards

Flickie

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Most helpful response

Devotee

Replies 0

Use the capital gains section of my tax & some of it is probably -refilled.

As you held the shares for more than 12 months, you will get a 50% discount on the gain & the taxable gain will be 1187 which will be added to your other income & taxed at your marginal rate

1 REPLY 1

Most helpful response

Devotee

Replies 0

Use the capital gains section of my tax & some of it is probably -refilled.

As you held the shares for more than 12 months, you will get a 50% discount on the gain & the taxable gain will be 1187 which will be added to your other income & taxed at your marginal rate