@lowway thanks for that i should have read it before, just realising what's going on here. That CGT reset looks very important. But my understanding the election has to be done with your 2026 Super return, so you have a bit of time. So it may make sense to sell your big losers in the next two weeks and mark up the remainder.

Together with the budget does seem like the Government is playing a game of gotcha! :(

Yes @Solvetheriddle, my accountant advised that if it's property, get a formal valuation (Real Estate Agents are fine, so find a friendly one that can amp it up a bit, whilst still showing up to 3 examples in the area of why the valuation is the defined value) before 30 June 2026, so 6 days time. If it is shares, it makes sense to sell any losses prior to 30 June 2026, crystalize those losses for future gains offset and then decide what to buy and in what quantity in FY27. I'm not sure there would be anyone in Pension mode that may one day excess the $3M DIV 296 cap that wouldn't be resetting their cost base at 30 June 2026. The only downside is running 2 sets of books for the new cost base (used for DIV 296 calcs going forward) and the original cost base (used for real life CGT with the ATO). I guess you could either setup a new portfolio in Sharesight as an option, keep a spreadsheet with the revised cost base on file and with your Accountant, or just leave it up to your Accountant (maybe some extra charges involved).

Anyway, time is a ticking, 6 days left for action that may be beneficial in the future.

Oh and it has made my portfolio look golden without all of those losses now showing in Sharesight!! Plus I get to redefine my strategy in FY27 and most likely take a slightly different path seeing CGT rules for Super remain basically untouched by Albo.

Maybe Sharesight will come up with a solution - it is after all a major reason why people use the Sharesight service, to make tax time easier by being able to generate reports from stored data - it would be in Sharesight's interests to address this CGT issue within Sharesight. They could record default valuations for June 30 2026 and enable users to change those, as they can now - we can overwrite any data stored in Sharesight at any time. But the ability to keep two sets of records, or two sets of valuations, as you have identified @lowway, might be something that Sharesight could enable within the one portfolio rather than having to create a second portfolio for that purpose.

Also, anecdotally, I have noticed a lot more tax loss selling this month than I would normally expect - and I normally expect quite a bit, so there may well be a bounce in the share prices of a number of companies who are fundamentally OK - meaning in no danger of going broke and with substantial upside potential - in July once these additional motivations for selling "losers" in June is gone. I'm currently looking to selectively top up a few of my "oversold" positions at these low levels - with only a week to go until July.

Totally agree @Bear77 and even did a DM to Sharesight about a month ago asking if they had plans to help manage this new set of numbers for superfunds. Unfortunately, they currently have no plans, but maybe that will change when the user demand for this function increase. We are afterall, an aging society.

Maybe a few of us should send Sharesight feedback with @Bear77 's suggestion and get them onto it.

Good point about the tax-time buy/sell movements too. Might need to go shopping....