STTrading weekend thread 3rd and 4th May 2025, page-25

  1. 17,745 Posts.
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    mmm Good question for the young fellow due to current election if the senate goes all red is ask him some questions about the unrealised capital gains tax !

    Its already past the lower house before but rejected in the senate .Think its 13 weeks before we know what the senate will be from the election ?

    Im just going go mmm !!!!!!!!!!

    But if your not aware of this tax proposal its never to late to take a look at it an see what you think ?

    In a nut shell it means they want to tax you before you have sold an asset if it has made a capital gain in the last twleve m0nths .

    Sound silly to you ?

    Well if you didn't know read all about perhaps just to be aware it may come in .

    What Are Unrealised Capital Gains and Why Should You Care?

    Unrealised capital gains represent the increased value of an asset that you haven’t yet sold. For instance, if your investment property has appreciated in value since purchase but remains unsold, this growth constitutes an unrealised gain. Currently, in Australia, taxation occurs only when you sell the asset and realise the gain.

    However, recent political discussions have introduced the concept of taxing these paper gains before any actual sale occurs. Understandably, this has raised concerns among investors, particularly those planning for retirement.

    Understanding unrealised capital gains tax proposals is crucial for protecting your wealth and making informed financial decisions.

    https://hudsonfinancialplanning.com...s/understanding-unrealised-capital-gains-tax/
 
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