Ha - I hear ya - though I'm from the school of thought that having to pay a lot of tax just means I made a lot of money - there are far worse problems to have!
Of course, the decision may be taken out of our hands if there's an all-cash takeover.
Failing that though - once your CGT 50% discount threshold ticks over (after 12 months), you can take out a fair chunk and only pay tax on half of it. With a large enough parcel, you can probably do that for a few years and still be in with a decent chunk once 88E is paying dividends (and hopefully fully-franked ones!).
For example - if you pull out $360K worth after holding for 12 months, you only pay tax on half ($180K) - which is only about $60K including medicare levy etc. - an effective tax rate of only about 17%.
I dunno about you, but I could probably cut back enough on my lifestyle expenses to get by on $300k after tax each year. Sure it'd be tough, but I'd manage somehow!
GLTAH!![]()
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
101 | 156421343 | 0.2¢ |
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Price($) | Vol. | No. |
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0.3¢ | 573323665 | 175 |
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No. | Vol. | Price($) |
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307 | 1113321452 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 216036285 | 108 |
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