Tax free threshold for 2020 is 18.2k. Concessional super contribution allowance, 25k. You could transfer enough LTR shares from your trust to your superfund to generate 43.2k (18.2 + 25) profit in your trust. Your super contribution will reduce your tax on income to zero. You will still pay 15% tax on the concessional super contribution of 25k is my understanding.
Also, you can still transfer up to 100k worth of LTR shares from trust to your super each year as a non-concessional contribution (no tax) if you haven't reached your super cap of 1.6 mil and this may be a good idea if you have carried forward losses in the trust to offset this transfer.
G
Ann: LSA: Completion of Killaloe Gold Project Acquisition, page-39
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Last
$1.24 |
Change
0.015(1.22%) |
Mkt cap ! $3.006B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.26 | $1.23 | $8.241M | 6.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 87470 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 43680 | 2 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
0.015 ( 0.97 %) |
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| Open | High | Low | Volume | ||
| $1.24 | $1.26 | $1.23 | 2072730 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| LTR (ASX) Chart |