Interesting, you mention capital gains tax & income tax. Well, predominately, I pay neither.
I have a SMSF in pension mode & a significant number of my SMN shares that were in my name have been sold to my SMSF because I do not want to pay CGT when they shoot up dramatically in a few months' time. I do have some shares in listed investment companies in my name, but they pay franked dividends & the franking covers any tax liability. I have a lot of the money from the sale of CBA shares in my super fund that was paid to me & is now invested @ 5.15% at call, still keeping under the tax threshold.
Otherwise, income in my SMSF is tax free.
Paying tax is optional. Organise your finances & pay no tax.
CBA Price at posting:
$160.56 Sentiment: Sell Disclosure: Not Held
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