I would probably do the same in a similar scenario.
Say $60k profit sitting in 37.5% tax bracket - $22500 goes to Tax Office
Now $30K profit is $11250 in tax - you saved more than 10 grand.
If the profits come from stocks that have been held for more than 1 year - you still save 3 iPhoneXs 128GB.
I'm not a tax professional but this would be one of a few things coming to my mind by instinct, if I were in such a scenario.
Chart Update, page-699
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Last
$6.83 |
Change
-0.025(0.36%) |
Mkt cap ! $4.937B | |||
| Open | High | Low | Value | Volume |
| $6.88 | $6.90 | $6.78 | $2.412M | 353.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 5646 | $6.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 8629 | 9 |
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| Last trade - 12.15pm 16/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |