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Showing 21 - 30 of 104 results for %22CGT%22

Tax treatment of granny flats under review

JAMIE WILLIAMSON  |  FRIDAY, 30 NOV 2018
... facilitating early wealth transfer to beneficiaries. However, these arrangements are usually informal, as the imposition of CGT can act as a deterrent to establishing a formal agreement, leaving the older family member vulnerable in the event of a breakdown ...

Weighing the lucrative expat lifestyle

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... its housing affordability package, the Government is stripping the main residence exemption (MRE) from capital gains tax (CGT). "Even though only 30% of Australian expats own property back in Australia, the recent changes have deterred 40% of those looking ...

GBST and super fund collaborate for tax relief

JAMIE WILLIAMSON  |  MONDAY, 19 MAR 2018
... audit functionality in managing and calculating capital gains tax. Under the latest reforms, complying super funds receive CGT relief for capital gains accumulated before 1 July 2017. While these gains would previously have been exempt, they are now ...

Beware downsizer downsides

JAMIE WILLIAMSON  |  WEDNESDAY, 7 MAR 2018
... spouse, they could still be able to take advantage of the measure if it is considered their primary residence for the purpose of CGT law. However, Lavery urged advisers to keep in mind the impact the use of the downsizer contribution could have on Centrelink ...

ATO closely monitoring SMSF balance caps

KARREN VERGARA  |  MONDAY, 19 FEB 2018
... changes to the tax treatment of transition-to-retirement income streams and whether or not they wish to use the transitional CGT relief that is available," he said. Secondly, SMSFs with members who took advantage of the practical compliance approach ...

SMSFs grappling with super changes

KARREN VERGARA  |  FRIDAY, 12 JAN 2018
... industry's focus was on optimising contributions and reducing pension accounts to under $1.6 million as well as considering CGT relief for those affected by the transfer balance cap and transition to retirement changes," he said. Consequently, members ...

The BOJ's boring Halloween

BENJAMIN ONG  |  WEDNESDAY, 1 NOV 2017
... was lifted from 3% to 5% on the 1st of April 1997. But Tokyo appears to have learnt from its history, it's now lifting the CGT in the month of October instead of April Fools' Day.

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
The suite of superannuation taxation reforms affecting contributions, CGT relief and transition to retirement income streams have passed through Parliament. Revenue and Financial Services Minister Kelly O'Dwyer said the amendments under the Treasury ...

Not too late to maximise super

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2017
... have the ability to contribute definitely should because they won't have the ability to do it going forward," Lewis said. CGT relief is another critical element for clients who either need to commute back excess amounts of $1.6 million or have a transition ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... applies at age 65 or when the member notifies the fund they have retired, are permanently incapacitated or are terminally ill. CGT cost base relief for assets that cease to be exempt current pension assets as a consequence of the super reforms will be ...