You are correct. Where did I say otherwise? You do indeed need to realise any capital gain before it needs to be treated as income, but only when you don't have capital losses already recorded on your tax record. Personally, I am working towards "using" my losses by releasing gains whenever they look healthy or wish to offload a few of those carrying a capital gain.
Not that I am planning on departing this mortal coil, one day I shall do so and my losses go with me. Thus those who inherit shares carrying a cap.gain will need to pay tax on this gain (should they choose to sell the share/s) at their own marginal rate and based on my cost base.
Hence, if I removed funds from my super fund I would then have greater funds to work for capital gains and finally wipe these out. Hopefully, I will live long enough to manage this..... lol
