That would definitely be the smart thing to do. It would be better that the Libs approve it rather than needing the Greens numbers to approve it.
Taxing realised gains is fair, even though its another Albo lie.
Taxing unrealised gains is unfair and unreasonable and will cause considerable extra cost to manage a Superfund.
If property is in a SMSF, ie factories, retail buildings, investment rental housing or farms the taxing of unrealised gains will be a nightmare.
Each year a registered valuer will need to value the property. This can also be distorted both deliberately or accidentally. Its adds extra cost to the Superfund. Even Superfunds under the $3 million cap will need to do this as the next year it might be above the $3 million cap.
Its a Labor nightmare thought bubble, obviously designed by halfwit Labor Politicians.
Taxing realised gains is much simpler and fair and reasonable. It would not need a yearly valuation, the purchase price is deducted from the sale price and the profit is taxed.
There does need to be a CPI or inflation adjustment, but I doubt whether the Labor party has the brains to work that out.
