please help me to get out of my tax problem :( !!!

Discussion in 'Share Investing Strategies, Theories & Education' started by jag__, 9th May, 2012.

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  1. jag__

    jag__ New Member

    Joined:
    1st Jul, 2015
    Posts:
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    Location:
    sydney
    Hi, I am new to share trading and started it in last September. I had made about 25 transaction (buy n sell) by $22000 cost. I had made about $7000 until january but after that I bought the 30000 units of share of rms @ 95c. then sold it at 76c and at the same time i bought it again at 77c. I am thinking that I only have to pay tax of $ 1200(as my profit in portfolio) gain if my last 2 transactions are valid. or m i liable to $7000(approx) profit. I am not worry about to reduced share price because i can keep that share for long term, just worried about the tax because i had made profit before.or if there is any possibility to reduce tax liability in current share price fall. please give me advice. thank you.
     
    jag__, 9th May, 2012
    #1
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