Navarre Trousselot

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492 appearances 1 recordings 1 series first heard Jun 2026 last heard 10 Jun

Navarre Trousselot’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · ETF tax traps, CGT and cost base adjustments with Navarre Trousselot · 10 Jun 2026 podcast

So if we change to a minimized CGT strategy, which its whole purpose is to minimize the capital gains tax, and we click Apply, you can see our $12,000 gain is now a $12,000 loss.

So it's kind of perfectly flipped it in this scenario.

And so in this case, we would now file the $12,000 loss and we wouldn't pay tax on that because it's a loss.

Those losses can be offset, used offset gains or carried forward into the future.

So you still have the capital gains?

Yep.

but they've gone somewhere else.

Yeah, so you've still got the same cash in the bank.

It's just how it's reported because like we were talking about before where you have all these parcels to choose from, the order you use to sell them matters.

And there's also the opposite strategy of maximized gain, which I always get asked, why the hell would you want to use that?

But that's the exact opposite reason that you might be having a low income year and you want to get rid of some of the big winners now.

Now, so people are inevitably going to ask, how did it become a $12,000 loss?

So if we click into this BHP holding and I show you the trades, you can see if we scroll down, originally got bought in 2018 for, you know, 2,500 parcels, had dividend reinvestment plan turned on, which gave us, what, another like 10 parcels or so to play with.

Then there was a few sales.

2,000 more bought, and then in this financial year, which is why we had the gain in the first place, was a sell trade for another 2,000 shares.

So when you're using a FIFO, this 2,000 shares

will get taken out of the first one in.

And the first one in had a low price of $33 compared to the $40 that we sold it at.

But when we switch to a minimized CGT strategy, it's hunting through the parcels available for the highest price and the ones that qualify for the CGT discount as the rules are today.

Minimized CGT strategy is just going to get even more hardcore in the future with the proposed law changes, because we now will be spanning the two systems, the one we're talking about now, then the new indexation one.

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