Do I pay tax on selling shares in Australia?
Submitted by admin on September 6, 2010 – 2:56 pmNo Replies
A web user asks, I’m 18 and have no income, however I have $3k in shares and want to sell them (I’m going to start day trading with other savings). Do I pay capital gains tax or any other kind of tax when I sell, even if I have no income and under the $6000 income threshold? If so, would I pay tax if I re-invested them? Thanks in advance
Can you help them out? Post your advice!
Related Items:
- What is easiest selling 10 million shares or 3 million at a time?
- How Are Bonus And Fractional Shares Treated For Income Tax Purposes?
- How To Account For Selling Shares In Private Company With ‘earn-out’ Payments?
- What happens to your shares if a hostile takeover bid is made for the company you invested in?
- Abt the short term capital gains tax on sale of shares?