If I understand it correctly, super is basically tax free, apart from the 15% levied when you first put it in (up to a certain amount), and property has a captital gains tax on 50% of your captital gain which is then taxed at your marginal rate. But what about shares? Are they taxed as a captital gain when you cash them in? I'm not talking about dividends, just when you want to cash out. If this is true, all else being equal, wouldn't property be much more advantageous in terms of tax? Can someone please clarify? Thanks.