best check it out for yourself. in broad terms this is how it works out
eg $200,000 profit - but only 50% taxable - ie taxable capital gain of $100,000. normal tax on $100,000 = approx $35,000. put $100,000 into super and get $100,000 tax deduction - and pay only $15,000 in tax
the proviso is as per minerva's post. might be worthwhile taking a year of work if the sums involved are substantial
best double check everything
- Forums
- General
- selling investment and contributing to super
best check it out for yourself. in broad terms this is how it...
Featured News
Featured News
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Dr Michael Thurn, CEO & MD
Dr Michael Thurn
CEO & MD
SPONSORED BY The Market Online