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Showing 31 - 40 of 259 results for "Capital gains tax"

Tax rules clarified for managed investment trusts

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... July 1, or October 1, following Royal Assent. Similarly, the start date for strengthening the foreign resident capital gains tax regime, outlined in the 2024-25 Budget, has been pushed to the later of 1 October 2025 of the first of those quarterly dates ...

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... "range of circumstances" where funds are unable to adjust holding structures for investments without crystalising capital gains tax (CGT) events. "Crystallisation of a CGT event often acts as a deterrent to holding assets in the most effective way for ...

Most retirees who rent live in poverty: Grattan Institute

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
... retirees. This could be paid for by further tightening superannuation tax breaks, curbing negative gearing and the capital gains tax discount, or counting more of the value of the family home in the Age Pension assets test," it said. But Grattan noted ...

Treasury flags $23bn in CGT benefits

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... government is bracing for a spike in Australians claiming investment tax breaks. The statement flagged those claiming capital gains tax (CGT) breaks in the 2024-25 year will account for a revenue loss of $22.7 billion - up from $9.2 billion in the prior ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... financial year to obtain the benefit of the tax deduction. The adviser did not explain to the client that the capital gains tax liability arises when the contract of sale is signed or take steps to confirm when the contract was signed before implementing ...

Monochrome launches Ethereum ETF

ANDREW MCKEAN  |  TUESDAY, 15 OCT 2024
... transfer their Ethereum into the Monochrome ETF without triggering a change of legal and beneficial title for capital gains tax purposes. There is around $193 million in crypto ETFs in Australia, up from $18 million last year, spread across five listed ...

Brighter Super increases retirement bonus

JAMIE WILLIAMSON  |  THURSDAY, 10 OCT 2024
... members, with the largest individual payment being close to $14,000. The Retirement Reward recognises a portion of capital gains tax that has been set aside during the transition process and is paid automatically, provided the member stays with Brighter ...

Limiting negative gearing could add $2bn in annual revenue

ELIZA BAVIN  |  MONDAY, 30 SEP 2024
... Making changes to negative gearing could be worth at least $2 billion a year in revenue, while reducing the capital gains tax discount could be worth around $5 billion a year, according to new research from the Grattan Institute. This comes as Treasurer ...

Budget 2024: Change to foreign investment rules

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... cultural heritage and foreign investment," Chalmers said. The government will strengthen the foreign resident capital gains tax (CGT) regime to ensure foreign residents pay their "fair share" of tax in Australia and to provide greater certainty about ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... shareholders," he said. However, he added that uncertainties regarding transaction costs, separation expenses, and capital gains tax make it difficult to determine if the deal is accretive to Morningstar's intrinsic assessment. KKR offered $2.2 billion ...