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Recent Questions & Answers

Minimising Capital Gains Tax

As we approach year end, can you explain the best way to minimise Capital Gains Tax? Specifically, to avoid paying CGT should I be looking to book sufficient losses to cover gross capital gains I’ve made (before applying the 1/3 discount for shares sold that I held more than 12 months), or do I only need to book losses to cover 2/3 of the gross capital gains in this case to make use of the 1/3 tax concession?


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Tax on Super

I rolled over my super from First State Super. I received a statement from them showing 2 sections in the transaction details. One is Tax Component and the other Tax-free component.

Is the Tax component the same as Concessional contribution and the Tax-free same as Non-Concessional contribution?


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NAB Capital Note 2

Are there real risks in going in for the NAB Capital Note 2 offer, or is it more that NAB have to disclose very improbable scenarios?


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No changes to CGT

Under the new super changes will CGT be payable when a fund is in retirement phase as opposed to accumulation phase?


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