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[sharechat] A taxing question

From:	Derek <dkw@paradise.net.nz>
Date:	Sat, 23 Mar 2002 08:01:15 +1200

Hi,

Almost tax time again.
Can someone help me with this one?
If you were buying and selling shares in the
same company and if you bought 1 share at 20 c
then, later, 1 share at 30 c, then sold 1 share
at 40c then how much profit would you have made for
tax purposes ?

a)      15c  using an average of the share cost
b)      20c  saying that it was the first share that you bought you sold
c)      10c  saying that it was the last share that you bought you sold
d)     0c   what you have effectively done in total is to buy 1 share at 10 c 

Thanks in advance,
Derek



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Replies

Re: [sharechat] A taxing question Ruth Ayling
Re: [sharechat] A taxing question Rockbottom

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