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Alias Born 09/10/2022

Re: F/T post# 13168

Saturday, 09/10/2022 10:23:49 AM

Saturday, September 10, 2022 10:23:49 AM

Post# of 59329
Capital gains occur the moment you sell your holdings. I'm guessing you know how to calculate the gains, so only taxes are confusing. By holding the asset for one year or longer, you might be entitled to some discount. However, capital gains from long-term holdings may be subject to 0%, 15%, or 20% tax, depending on your asset and location. Take for example this article that covers Australian capital gains tax. They're entitled to 50% CGT discount after 1 year of holding. Check with your taxation body for in-depth info, just to be sure you don't mess it up.
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