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- 17 January 2007
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With only 2 weeks or so left till the new superannuation rules take affect, I was asked by a relative of mine about what to do with shares, CGT and topping up super before 1 July. He currently has shares showing 30k profit & held for more than 12 months. Is it tax effective or is there any gain to be made if he sells his shares & then puts the proceeds into super?
Should he materialize the profit, deposit the proceeds into super then pay CGT in a few months time?
Should he materialize the profit, deposit the proceeds into super then pay CGT in a few months time?
