cgt on aggregation, page-10

Hi Nursery,
Not necessarily just a difference in timing.
The difference here is that it is a "forced sale" , and tax may be incurred at a time which is not necessarily the best.
A few hypothetical examples, assume I bought them at way under 18c
1.in a smsf in accumulation phase
cgt 10%
if my 55th birthday was in march 2012, and the fund went into pension phase
cgt effectively 0%
2.
owned shares personally
had a great year, marginal rate of tax 50%
tax on gain 25%
next year, planning to bum around asia
marginal rate 15c
tax on gain 7.5%
3. sold the beach house, made a bit on it, but will offset the gain against a 25000 buck super contribution.
have used up any capacity for offsetting the gain which suddenly appears out of left field.
Much nicer if I could have incurred the "gain" , at the time of a real sale in 2012/13
4.
I own 5 million shares bought for 3c
Set me up for life.
Only big liquid asset I've got left after a run of bad luck elsewhere.
"capital gain" on aggregation, $750,000.
Will need to sell a heap next year to pay my tax bill[more capital gains]
Original plan was to keep them and live off the divis, or selling down small amounts.

There are times when forced sales occur with shares, ie takeovers, but at least with those you usually get a premium.

And hardnfast, I think you would have a 500000 by 8c capital gain, what you would be up for, in actual tax, would be determined by the rest of your tax situation.

vote no
any criticisms or corrections of the above rant, cheerfully accepted