LAWS20060 TAXATION LAW OF AUSTRALIA INDIVIDUAL ASSIGNMENT TERM 1

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QUESTION 3

d) Chris bought 12,000 shares in BHP for 45 cents on the 1 August 2018 and they are now trading at $1.56. The same day he also purchased 5,000 shares in West farmers for $5.20 and they are now trading at only $2.10. Chris sells both his BHP and West farmers shares on the 30 June 2018. Calculate the net capital gain that Chris would record in his 2018/19 tax return.

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