Lucas Don Velor
Regular
Could accountants please confirm!?
For those who potentially stand to gain a substantial capital amount, you could take advantage of your unused concessional contributions (UCC)…
e.g. Capital gain of $1,000,000 - UCC (e.g. $100,000) = pay tax on $900,000 + 50% CGD for those eligible.
As well as reducing your tax and increasing super, you’ll also get 30% back on the $100,000 UCC… Hope this is correct and helps others out!
For those who potentially stand to gain a substantial capital amount, you could take advantage of your unused concessional contributions (UCC)…
e.g. Capital gain of $1,000,000 - UCC (e.g. $100,000) = pay tax on $900,000 + 50% CGD for those eligible.
As well as reducing your tax and increasing super, you’ll also get 30% back on the $100,000 UCC… Hope this is correct and helps others out!