Hittman, This whole super thing becomes a lot more complicated than Dim Jim would have you believe.
The $3m line in the sand is like dancing on a shifting carpet. The tax payable is affected by Franked Credits and CGT discounts. If IMU becomes very profitable and the SP rises causing you to pass the $3m cap, and dividends come with franking credits , you’ll only pay 5% on profits if over the threshold. Or similarly if you sell shares a proportion will be tax free, then some at 15% and the rest at 30% less you initial asset purchase price then , take off 50% CGT discount.
So get a very good accountant to explain it. If IMU was to go to $5 for example. You would be paying 3 different tax rates less inputs /discounts on sale of shares. And similarly for any dividends.
Hope that explains it clearly . Haha. Very simple just as Dim Jim to explain it.
IMU Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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