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Date Posted: Monday, September 30, 12:13:40pm
Author: Chankhana
Subject: Re: Question about shares
In reply to: NotRichEnough 's message, "Question about shares" on Saturday, September 28, 04:19:11pm

Hello,

Generally when you sell your shares, you will have to pay capital gains tax (if you make a profit out of the sale). However, if you held your shares for more than 12 months before selling, you will receive a 50% discount on capital gains tax. This means you only have to pay capital gains tax on 50% of your profit.

So to answer your question, you should hang on to your shares for at least 12 months before selling them in order to qualify for that 50% discount.

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