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Entered profit made but only half of 33% pulls through as deemed income on eFiling?

Posted 19 November 2014 under Tax Q&A


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I saw reply re base costs and proceeds but if I enter this on eFiling and ask for calc, my deemed/additional income is only 16% of profit made, I thought 33% will pull through?

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TaxTim TaxTim says:
19 November 2014 at 21:59

Capital Gains are included at 33.3%, but then taxed at your marginal rate of tax which is the most 40% therefore 13.3%.







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