However depending on your PAYG amount prior to capital gains there are also other benefits of doing it in a company and holding the money there. If you want the Lambo now you will pay the 47c, but if you can wait until 2024/25 financial year to buy your Lambo you can have up to $200k at 30% tax rate and only pay an extra 5% for dividend payments. this and you are not locked in for 12 months.
Or further hold all dividends to retirement and potentially claim back imput credits where applicable in the same way you do from listed share dividends.
not financial advice dyor
IMU Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
