Tax and Structures
Capital gains tax
Capital gains tax example
Fred’s new taxable income is $72,000 plus $25,000 giving a total taxable income of $97,000 in that year.
If he also had a capital loss that year of $10,000on other investments the net taxable capital gain would be $20,000 as shown in the table opposite.
Under this scenario, Fred’s total taxable income is now $72,000 plus $20,000 being $92,000.
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