<Li> If the proceeds are in between the reduced cost base and plain cost base there's neither a gain nor loss . (Quite often the reduced cost base is the same as the plain cost base and this does not arise .) </Li> <P> Capital gains and losses in a given tax year are totalled, but in three separate categories according to the class of the asset, </P> <Ul> <Li> Collectibles (those above the $500 exemption described above). </Li> <Li> Personal use items (those above the $10,000 exemption described above). </Li> <Li> All other assets . </Li> </Ul> <Li> Collectibles (those above the $500 exemption described above). </Li>

When do you pay capital gains tax nsw