AUR 0.00% 0.7¢ auris minerals limited

I am unaware whether they rescinded that legislation. But not...

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    I am unaware whether they rescinded that legislation.
    But not CGT, he is putting them into his super (limited to max of $1.6m each for he and his wife without paying tax on any excess) because if you have an asset in your super fund and it goes up in value (much greater than the $1.6m) then you don't have to take the money out to limit it to $1.6m.
    [Aside: Downside is if you have shares worth $1.6m in your super fund and they go bust, then, my understanding is, you are unable to put any more money into your super fund.]
    So I guess Martin thinks AUR are about to roar, and has probably done a bit of shuffling of assets in his super fund to maximise the benefits of gains.
    Otherwise he would pay 30% CGT within Goldfire.
    Last edited by The Mole: 20/05/18
 
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