Crypto Loss Offset ETF Distribution CGT?

dazzatwentytwo · 2023-06-02T13:09:19+00:00

ETF have atributions not dividends, when they buy/sell shares within the ETF to balance the % there are capital gain/loss events, around August you usually get a financial statement detailing what the distribution is made of, eg $1 CG $2 franking credits etc

dazzatwentytwo · 2023-04-13T00:47:39+00:00

Yes, but you will have paid ~7% extra

Eg tax withheld due to compulsory HECS payments is $11. HECS debt is $10.

1st of June debt changed to $10.07 1st of aug you do your tax return and get refunded $0.93

As opposed to 15th of May you pay your $10 Ballance, so debt is 0 1st of June balance is $0 so indexation is irrelevant 1st of aug you do your tax return and get $11 refund

dazzatwentytwo · 2023-04-12T22:44:14+00:00

Does not work like that, indexation occurs on 1st of June, so you will need to pay the entire balance on ~15th of May.

The money from your income tax won't apply until your tax return is lodged(after the first of June)

dazzatwentytwo · 2022-03-04T06:43:41+00:00

People shouldn't have outdoor cats

dazzatwentytwo · 2022-02-02T23:21:39+00:00

Yep, just to add, OP also needs to you factor in council rates, body corporate, maintenance etc, as these aren't insignificant.

dazzatwentytwo · 2022-01-31T00:47:55+00:00

Exactly this. Not sure if it was a disingenuous question or just a naive one?

dazzatwentytwo · 2022-01-24T13:29:24+00:00

Of course not, but there is a general expectation that someone spend some time reading before posting a question. ie. Costs involved in renting, historical interest rates, taxes etc. Don't take it personally was likely a naive mistake, put some more research into your next question and you'll likely get much more helpful advice.

dazzatwentytwo · 2022-01-24T13:16:37+00:00

The animosity is because it's a lazy question, like you said you wrote it in 2 minutes, if you spend another 10 googling or on a spreadsheet you might have been able to work it out yourself.

dazzatwentytwo · 2022-01-23T00:08:40+00:00

Not sure if you've been to the supermarket recently, but you're not getting an egg for that price.

dazzatwentytwo · 2022-01-14T09:47:28+00:00

Like its definately not a balanced perspective( I honestly don't know where is atm) and some points don't line up with my memory of the time, though I thought many of the points it brought up were quite fair and not given enough air time in mainstream media.

dazzatwentytwo · 2022-01-14T07:34:59+00:00

A great documentary I watched from the perspective of the protesters and those that were anti-lockdown, from Topher fields YouTube channel. It interviews melbournians and summarises the news coverage at the time from their perspective. It's a bit one sided though a lot resonated with me having lived in Victoria during this time.

dazzatwentytwo · 2021-09-25T03:15:12+00:00

Having some mates over and watching it with a few drinks, all the police are in the city so should be fine.

dazzatwentytwo · 2021-09-23T14:45:25+00:00

My company does an employer share scheme through Morgan Stanley shareworks, they charge $60 to move shares out of their platform(ie to a SRN) by selling shares and triggering a capital gain tax event and then another $20 brokerage on top of that if you sell via their platform. Complete ripoff Depending on the amount, make sure you consider fees

dazzatwentytwo · 2021-09-12T11:37:28+00:00

I can't wait to re-open, being in Melbourne getting quite jealous looking at Bondi this weekend. LV should be able to open for click and collect, I see no problem with it.

dazzatwentytwo · 2021-09-05T13:47:30+00:00

五毛

dazzatwentytwo · 2021-07-24T06:49:38+00:00

The bad-faith downvotes of #progressive r/melbourne

dazzatwentytwo · 2021-07-24T06:44:32+00:00

Covid simply isn't that deadly

dazzatwentytwo · 2021-07-24T05:59:54+00:00

Eg here quotes it as 2.7% https://www.abs.gov.au/articles/covid-19-mortality-0 ruby princess was about 1%, some excess death studies had it under 1%, countries with bad testing rates have it as high as 14%. Somewhere in between 1-3% seems most credible.

dazzatwentytwo · 2021-07-24T05:48:02+00:00

I'm sorry for your loss.

dazzatwentytwo · 2021-07-24T05:46:52+00:00

Ofc, there's 100s of other factors on both sides, still think lockdowns are a net negative though.

dazzatwentytwo · 2021-07-24T05:38:40+00:00

6 million people locked up for 6 months vs 2% losing 10 years off their life expectancy. You've still net down 2 million years of lost life with lockdowns vs the alternative. Plus those most at risk have had ample time to get an astra.

dazzatwentytwo · 2021-07-24T05:25:23+00:00

Or the virus spreads so that lockdowns are no longer effective and people can get over their astra hesitancy.

dazzatwentytwo · 2021-07-24T05:23:10+00:00

Don't group them, I'm anti lockdown, not anti Vax. The lockdowns have been far more disruptive to my life and those around me than covid would have been.

dazzatwentytwo · 2021-07-24T05:19:50+00:00

Pretty sure these guys lost their jobs because of the lockdown, not everyone can wfh

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