Ann: Operations Update - Project Icewine, page-231

Re CGT some might be interested.

If you have carry forward losses either in your name or a trust as I do then it makes no difference re 12 months as any profit whilst you have losses is counted as the whole figure.

I sold a property a few months back in trust and had a CGT of $250k. But has losses in trust so I couldn't use the discount method of $125k. Same goes if I sell shares and have a profit.

Just some info whilst some are you are focusing on CGT. Of course if have no losses then it's smart to wait 12 months and use 50% discount method.