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Is it as simple as that though ?? When doing our testamentary trust paperwork, I do remember the ATO getting involved with individuals when assets were deemed to be triggered when transferred. Case in point. Family home bought in 1965 and held ever since. Not subject to CGT as pre-85...

Took us 5 years to amass 1 MM...and that was assets, not equity. The equity seemed to arrive about 2 years after. Took us a further 6 years to amass 10 MM, once again assets, not equity. Equity still coming along for the ride. It sort of snow balls after a while. Should take us a...