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Showing 41 - 50 of 141 results for "CGT"

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... clarification from their adviser," he said. Furthermore, the test will apply to closed investments on theses platforms. Because of CGT payable upon realisation, it may not be in the member's best financial interest to move out of the investment ...

BGL adds company tax return to software solution

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
... 360 product manager Andrew Paszko added the investment solution is in a "class of its own." "Offering investment reporting, CGT tracking, shareholder register, dividend payment, full set of financials, accounting work papers and now electronic lodgment ...

Accountants lobby for 10 budget reforms

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
... platforms should be introduced to simplify GST in e-commerce; implementing Board of Taxation recommendations on small business CGT concessions; and CA ANZ wants to see draft legislation to fix the 'Backpacker Tax' and announce new arrangements for working ...

ATO cracks down on crypto

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... one currency is exchanged for another; if it is traded, sold or gifted; and if it has been converted to Australian dollars. CGT also applies to the disposal of non-fungible tokens. The ATO recommends investors keep records of transactions associated ...

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... financial abuse. The legislation follows the budget announcement that the government would provide a targeted capital gains tax (CGT) exemption for formal granny flat arrangements. Assistant treasurer Michael Sukkar under the measure CGT will not apply ...

Tax concessions failing women: Research

ANNABELLE DICKSON  |  TUESDAY, 6 APR 2021
... super tax concessions, 72% flow onto men and for every dollar of super tax concession going to women, men get $2.52 and for CGT 61% of the discount flows to men, getting $1.54 for every dollar going to women. The statistics are similar for excess franking ...

Investment bonds a good alternative to Wills: GDG

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
... Instead, they are taxed at maximum 30%. Transferring ownership of an investment bond, for example to children, is also a non-CGT event. Investors can also withdraw their funds at any time. Further, they are treated as non-estate assets (under the Insurance ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... the government announced it would support older Australians and their families by providing a targeted capital gains tax (CGT) exemption for formal granny flat arrangements. The new measure will also apply for people living with disabilities. Prior to ...

APRA funds can learn from SMSFs: Rice Warner

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... manage the tax situation," it said. "It is well known that moving from accumulation to pension phase is not considered to be a CGT event, so deferred tax liabilities are released on retirement. Some APRA funds now pay a pension transfer bonus to partly ...

Expats sweat as main residence CGT cut-off looms

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... Management managing director James Ridley argues that with just over four weeks looming to the cut-off date for the main residence CGT exemption, expats are set to face a potentially huge capital gains tax burden. "Their decisions are limited; they either ...