Ha - I hear ya - though I'm from the school of thought that having to pay a lot of tax just means I made a lot of money - there are far worse problems to have!
Of course, the decision may be taken out of our hands if there's an all-cash takeover.
Failing that though - once your CGT 50% discount threshold ticks over (after 12 months), you can take out a fair chunk and only pay tax on half of it. With a large enough parcel, you can probably do that for a few years and still be in with a decent chunk once 88E is paying dividends (and hopefully fully-franked ones!).
For example - if you pull out $360K worth after holding for 12 months, you only pay tax on half ($180K) - which is only about $60K including medicare levy etc. - an effective tax rate of only about 17%.
I dunno about you, but I could probably cut back enough on my lifestyle expenses to get by on $300k after tax each year. Sure it'd be tough, but I'd manage somehow!
GLTAH!
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $72.33M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $634 | 213.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
150 | 166689125 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 601425897 | 251 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
144 | 163989125 | 0.002 |
343 | 943031675 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 574091511 | 246 |
0.004 | 189846420 | 120 |
0.005 | 51344601 | 42 |
0.006 | 50258903 | 37 |
0.007 | 33542109 | 24 |
Last trade - 10.00am 11/10/2024 (20 minute delay) ? |
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