Hi guys, first post yay for me I've $32.6k in a range of managed funds, focused on high growt. I've ~$800 in a 'low risk" income based fund. But my "low risk" portion is covered in a separate bank account with $2.3k. This $800 in the income fund doesnt really fit in with my plan, and I was about to chuck it into an ASX based fund - when I remembered capital gains tax. I dont really understand it - and especially dont know how to factor it into my situation. I read here that there it is a sound strategy to "buy and hold". There is also some talk of holding onto things for a year. But yes, the numbers elude me, I've no idea if I should even care about tax concessions etc. This restructure Im planning is also a bit of a punt that the ASX will rebound. My income is ~$44k (soon to jump ~$2.5k). Will reducing my income option in the above switch incur capital gains tax (or paperwork) which will make it not really worth it? Thanks in advance PS. it occurs to me this might be a common query and I should of searched first, Sorry if this is the case, but I'm desperately trying to get to bed [EDIT - SHORT VERSION ] Ive $800 in an income fund, (of a portfolio of ~$32,00) I dont need it in such a low risk fund, as this is covered in a bank account I want to take a punt on ASX, and chuck it in an ASX based fund my personal income is $44k Are their capital gains tax issues worth my consideration?