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16:55
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Originally posted by bellenuit
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I have researched this for reasons similar to yours and also additional reasons. I am trying to move shares across into a family trust and do not want to have a huge personal tax bill up front if I simply sell all shares that are in my own name in one chunk realising a massive capital gain all in the one year. So my plan is to sell a portion each year at least up to the $37K threshold where tax will still be at just 19% and buying back in the name of the trust.
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I would suggest a simple of market transfer between your personal account and your trust. This also allows you to select the cost basis on the exchange between the two accounts. The cost basis just needs to be basically a price the stock has traded at in the last month or so meaning you could pick the lowest price in the last month lets say. This will give you the lowest personal CGT.
