6
My broker deducted more CGT than before on my last sale. Did the rate change in the new budget?
Capital gains tax on shares 2083/84: 10% short term, 7.5% long term?
Asked 7d ago3 answers
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17
Yes. The budget for FY 2083/84 raised capital gains tax for individual investors: Sold within one year of buying: 10% (was 7.5%) Held more than one year: 7.5% (was 5%) The government called these the final applicable rates.
3 Answers
6
So holding more than a year saves 2.5% of the profit. Another reason not to churn.
2
Got it, my shares were less than a year old. Thanks.
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