2021 BRN Discussion, page-23124

The simple formula is you take your gross capital gain and reduce it by any legitimate costs of holding and any accrued capital losses. Then your net capital gain is divided in half. Then one half of your capital gain is then added to your other income in the year and it is taxed as part of your normal income at whatever marginal tax rates are applicable.

If you were coming up to retirement or are leaving your employment to travel the world then you might delay selling until the beginning of the new financial year when you might otherwise have no other taxable income and then go through this process so that you achieve the lowest possible marginal tax rate being applied to these gains.

The way the tax laws work with the guidance of an accountant going into retirement a staged sell off of a capital asset that has appreciated could greatly minimise the amount of tax you might otherwise pay.

People approaching retirement should always find a good accountant and take advice on the best way to achieve a productive outcome from the assets they own or control

My opinion only DYOR
FF

AKIDA BALLISTA