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RE: What the actual fuck: Tax and accountants

in Finance and Economy9 months ago

Yep, my super will get a chunk but one can only put up to $30K a year and back-date 3 years - and only put in the difference between what's already gone in (each year) up to that $30K meaning I'll not be able to offload enough. It was $27,500 up to this FIN year actually. I've got a few ideas though, and I think we'll get it down to the bare minimum. The problem is the 5 figure price I paid for the properties back in the late 80's and the (almost 7 figure) sale prices now. There's a big CGT gap.

It'll work out, but that CGT is going to burn me a little.

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You can contribute to a spouse's super for additional gains, too ;)

Yep, the girl will get a Super top-up as well.