Will I still have to pay the 30% tax if only sell a few shares?

smh.com.au · economy
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Many people wonder whether the newly announced 30 percent levy on share sales will apply to small transactions. Officials have indicated that the tax will become mandatory from the next financial year, but the details remain fuzzy. The government material mentions a “minimum” rate, which has led to mixed interpretations. Some investors fear that even minor trades could be taxed at the full rate. Others argue that the rule may contain exemptions that have not been clarified. Confusion continues as the implementation date approaches.

There seems to be considerable confusion around the application of the minimum 30 per cent tax that will be introduced from next financial year.

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