CSL – Sell?

To sell or not to sell.. that is the question. 90% of my wife’s personal share investment comprises CSL shares.

We are likely to sell a jointly owned investment property in the TY 2018/19, thus CGT will be due on that sale. My thoughts are to sell in this FY approx 200 CSL shares (still leaving a significant number), pay the CGT due, and re-contribute the funds to repurchase CSL within the SMSF of which my wife is both a member and a trustee.

Can you see any downside to this strategy?

 

A: I can’t see anything obviously wrong with the strategy.

Clearly, there is a timing/execution risk in that your sell price might be lower than the re-purchase price.

Regards


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