# 4.1 General 4.2 Draft taxation determination TD2004/D1

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8 Sale of your Shares on ASX Set out in the table below are examples of the after tax value you would derive per Share if you sold your Shares on the stock market for \$4.71, assuming alternative cost bases in Shares of \$1.78 and \$3.00. It is important to understand that the tables are examples only and are based on a number of assumptions (as indicated). The example does not include the cost of any brokerage you may have to pay if you sell your Shares on ASX. Table 3 Example tax calculations of selling your Shares on ASX Australian resident individual shareholders and complying superannuation funds: Your income Your income Your income Your income Complying \$6,001 \$21,601 \$52,000 \$62,501+ superannuation Tax payable \$21,600 \$52,000 \$62,500 fund 18.5% 31.5% 43.5% 48.5% 15% marginal tax marginal tax marginal tax marginal tax tax rate rate rate rate rate A\$ A\$ A\$ A\$ A\$ Assumed cost base Capital gains tax consequences Capital proceeds Less: assumed cost base Nominal capital gain/(loss) on disposal Discount capital gain/(loss) Tax impact of capital loss/ (gain) (0.27) (0.16) (0.46) (0.27) (0.64) (0.37) (0.71) (0.42) (0.29) (0.17) Total after tax proceeds Notes for Table 3 The analysis assumes that: 1 The marginal tax rate includes the Medicare Levy at a rate of 1.5%. The liability of an individual to pay the Medicare Levy depends on the individual s own circumstances. 2 The discount capital gain method applies such that individuals pay tax on half of their gain and complying superannuation funds pay tax on two thirds of their gain. 3 Numbers presented are rounded to the nearest cent. 28

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