Why ? People are doing it to avoid tax, dumping huge numbers if industrialial properties, houses or farms into their SMSF. Once again to AVOID tax, so fuck 'em. All of that penalises young people who then havr higher tax burden.
Once agin this is a exyoar tax on amounts OVER $3 Million. Currently something like $500k-$1Mil is about the amount recommended for people to have a comfortable retirement.
www.abc.net.au/news/2025-05-29/…/105347654
They want to pass that on to people in the next generation and they’re not going to pay any tax on it because the value is never realised, the gain is never realised."
Eyekaytee@aussie.zone 4 weeks ago
If you want to tax capital gains over $3 million then do it, but taxing unrealised capital gains is taxing on gains that haven’t materialised, hence they are “unrealised” and I think that’s stupid, whether it be for $10 or $10 million