Rough liability on disposals.
A worked example
Starting figures
- Realised gains
- $22,000
- Realised losses
- $4,000
- Tax-free allowance
- $3,000
- Tax rate
- 20%
What it returns
- Tax due
- $3,000
- Net after tax
- $15,000
- Taxable gain
- $15,000
- Effective rate
- 13.6%
How to read the results
With the defaults above, tax due works out at $3,000.