The tax implication is that the performance shares count as income. So she will have to tax on that income (highest income bracket).... now do the math and calculate the tax. It's substantial, so yes it makes sense to sell to cover tax liabilities.
I've been in this situation myself. I would prefer if performance shares were treated as per CGT premises Vs income. Then the CGT would only be triggered at time of sale. Compare this with performance shares where tax liability triggers a large income at time of vesting.
Check ATO website.... Depressing, but these are the tax laws in Australia.
The tax implication is that the performance shares count as...
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$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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