"Now the question is whether one holds on to their shares in the hope of something changing, or sell out in the meantime and redeploy the capital elsewhere."
My issue is i topped up in November/December last year, and will pay a few thousand extra CGT on those if i dont get the 12month CGT discount.
Trying to workout what date is used for disposal, is the day the money hits my account ?
Anyway while looking, i ran across this on ATO website.
"If your capital gains tax (CGT) asset is involuntarily disposed of (lost, destroyed or compulsorily acquired) and you receive compensation for it, you can roll over your CGT liability. If you choose to roll over your CGT liability, you defer your liability to pay tax on any capital gain from the involuntary disposal of the asset." https://www.ato.gov.au/Individuals/Capital-gains-tax/CGT-events/Involuntary-disposal-of-a-CGT-asset/
I think that means the same CGT tax applies, but if we choose not to sell we can delay paying CGT. (but im not a tax guy).
