Thought I'd ask about Capital Gains Tax

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Nov 24th 2006, 12:24 am

marco121068

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Thought I'd ask about Capital Gains Tax

I've just sold some shares which I've bought in various stages.

Am I correct in saying that I need to do my calculations using the most recently purchased shares first? ie Last In First Out?

Thanks.

Nov 24th 2006, 9:48 am

geordie downunder

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Re: Thought I'd ask about Capital Gains Tax

Quote:

Originally Posted by marco121068

No last in first out,you can choose.There is a 45 day rule,and a 1 year rule to qualify for the 50% discount.

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