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i don't know how you work it out because it's not very clear what you are trying to say, however my way (not officially sanctioned is)

ANY TOTAL CAPITAL GAINS INDEXED FOR INFLATION (MINUS) ANY TOTAL CAPITAL LOSSES = total capital gain (hopefully).

Of that capital gain, take away % of tax payable and that should be it !!!!

Please don't refer me to the ATO, if i'm wrong !!!

Lance
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