A year of share trades, worked
Work out a net capital gain from a discounted gain, a short-term gain and a loss.
Module 19 of 26, Australian tax walkthroughs (general information). Lesson 1 of 5, about 18 minutes. This module is for readers in Australia.
The takeaway
Losses come off before the discount. The order you apply them changes your taxable income and how much tax you owe.
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
Open this lesson in the course
General information only. It doesn't consider your objectives, finances or needs. Tickfloor holds no financial services licence and never places trades.