Plan ahead for bigger profits
Scheduling off-market transfers several years in advance can take advantage of capital gains tax legislation and reduce your tax bill by tens of thousands.
The threat of a ban on the off-market transfer of shares into a DIY fund has seen trustees rushing to undertake many such transfers in recent years. Now this ban has not eventuated, trustees face no pressure to hasten further transfers. They now have the time to critically analyse when it is appropriate to make these transfers after assessing their suitability under their fund's overall investment strategy.
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