i hate this tax selling!!, page-21

PS Just to add a point about 1st July. Date is not relevant other than to be in the new financial year. I try and roll stock on the lower income family accounts to gain reasonable income for them ( not enough to blow hecs etc). Can happen at any date when stock in their name is in profit a reasonable amount or the amount I need.

If a windfall profit occurs on their account well i'll just pay the tax if I can't smooth it out.

All the above only works up to the top tax bracket and is most effective in lower bracket. After that its a waste of space