The article addresses concerns about capital gains tax (CGT) implications for individuals with low taxable incomes, particularly focusing on a married couple where the wife's income is below $10,000.

The husband’s defined benefit pension disqualifies them from the age pension, leaving his wife vulnerable to the new 30% minimum CGT rate if she sells shares after June 30, 2027.Despite her low income, she could face taxation on capital gains due to changes in the pensioner exemption rules.The piece also discusses a scenario involving an investment property purchased in 2004, valued at $850,000 by June 30, 2027.Selling it in 2028 would split the gain into pre- and post-June 30 periods, with potential losses offsetting taxable gains.The author advises consulting professionals to navigate these complexities.

Another section explores estate planning concerns for a retiree considering rebuilding their home into a multi-generational space, highlighting risks to pension eligibility, ownership, and fair asset distribution.

The article concludes with advice on minimizing CGT through strategic share transfers, emphasizing the need for genuine commercial reasons to avoid ATO scrutiny.