Jump to content
SAU Community

Recommended Posts

  • 3 weeks later...
  • 2 weeks later...

Sold out of CPH today, they got bought some Canadian medicinal marijuana company...

So if 20% of my holdings are over 12 months old... does that mean I only pay tax on 80% of the profit, since those shares I've owned for less than 12 months?

So if my first buy is at a loss... I pay no tax?
Then second buy is all the profit and all the tax.


Yes. Or the first buy losses offsets the second buys taxes.

That's the way the accountant told me to do it, treat all buys as individual transactions (as they are) and sales take shares out of the earliest transaction until it's done then move on to the next oldest. If you do it that way the tax office has nothing to argue about you doing anything dodgy.

The CGT reduction is 50%, so you only pay half the tax on profits from any capital holdings over 12 months old. If that's 20% of your shares, then you can nominate ANY 20% of your shares in the company to apply the reduction.

As you haven't sold any of the shares you have realised a loss yet, so even if those older shares were sold at a loss, it's irrelevant. What matters here is your average purchase price and your average sell price - what is left over is your profit. 20% of that profit you could argue should only be taxed at half the rate, whilst the remaining 80% will be taxed at the full capital gains tax rate.

  • 2 weeks later...

Litecoin surging... At break even point. Will probably pull out soon and re-enter later once it dips (and it will).
Got to try and remember how to use my ledgerwallet now... lol

Speaking of pulling out... What's a realistic budget for a wedding? Not looking at receptions at this point... So just venue, snacks/catering/seating, photos, flowers, celebrant etc.
Asking for a friend who is budgeting for the future.

Ignoring reception I would think it would cost circa:

 

pre marriage course 240
Veil 260
Dress 3610
Photographer 3600
wedding cars 1660
Church 800
invitations & stationary 1419.49
Florist 500
Her wedding band 2300
His wedding band 735

Get married at the registry - in and out in 20 minutes. Genuinely one of the better weddings I've been to. Your guests will love you for not making them stand/sit still for a couple hours and the bride has no excuse to be late.

Spend the rest of the money you saved on a reception at with a 9 course meal at Sake down the road in their private/basement function room/bar; walking distance so no transport required. Guests will also love you for this.

  • Like 1

a custom designed titanium with a gold inlay....

and to be married in a church you need to do a pre-wedding course, which I thought was a load of bollocks till I did it and had some good stuff. 

Oh and lots of religious stuff.

My sister is doing the registry thing later this year and a big reception. I for one, do appreciate it not sucking up an entire weekend.

Personally, itd be nice to get it all over and done with in one afternoon. Engagement party to merge and meet families etc, that's about it. I know friends want to be involved but isn't it just easier to include a small handful and keep it low key?

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



  • Similar Content

  • Latest Posts

    • A few small updates since the previous post and lessons. I decided to do a little interior light upgrade on the 110. I quite like the iilumo items, even if they're a bit of a premium over other brands. You'll also note the Stedi Fogs, that will go into the S15 fog lights as I needed to match the bulbs since I got the new ones earlier. I hope they fit as the body is quite a bit longer than your normal bulb.  Annoyingly, I managed to trip the fuse, which normally wouldn't be an issue until I located the fuse. I can't say I've ever come across this. I had lucked out that someone nearby had a spare, but oddly enough Toyota dealerships seem to keep this in stock. I ordered some to keep in my stash and as luck would have it, someone else nearby tripped the same fuse so I passed on the favour.  I also did a little service on the 110 ahead of some additional work coming up. It's been annoying that Goleby's stopped carrying this particular HKS filter for the 110, so now I need to keep them on order from Japan. I also took the opportunity to install a bash plate and number plate riser. The plate riser is such a cheap but nice fix to help really tidy up the car. I'm tempted to now also replace my headlights, on this car. Both items were from Project Aero.    I also needed to replace the rear tyres on the 110, and after trying to get it aligned learnt that I need to replace some bushes in the front end, so that's next.  Closing out this update with a nicer picture as always! 
    • Yeah mate, never miss it.
    • Any going to watch World Time Attack at SMSP this year?
    • Appreciate the correction on the "ground", that will make a huge difference to looking at this. That makes complete sense about AF70/AF71 which is what I had come down to being the issue, one of these. I'll have another look in the ignition wiring when I get a chance next week. I'll also make up a jumper wire for running that AF73 test.  ECU is fine, relay itself is fine, pump harness is fine and the pump itself is fine. I am going to upgrade the Walbro 255 anyway with a DW300 I have since I need to replace the fuel sender and I'm going to upgrade the FPR with my chasebays kit ready for new plenum/injectors/dbw, but I'll get this working first. That's why this is so frustrating. 
×
×
  • Create New...