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Showing 61 - 70 of 259 results for "Capital gains tax"

ATO cracks down on crypto

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... losses," ATO assistant commissioner Tim Loh said. Crypto investors must report a disposal of the currency for capital gains tax if one currency is exchanged for another; if it is traded, sold or gifted; and if it has been converted to Australian dollars. ...

Chief economist update: Tomorrow never dies

BENJAMIN ONG  |  MONDAY, 26 APR 2021
... rebounded big time the day after markets were buffeted by headlines concerning the confluence of the three C's - capital gains tax, coronavirus and climate change - sending its four major benchmark equity indices in the red and dragging down most ...

Chief economist: Of capital gains taxes, COVID-19 and climate change

BENJAMIN ONG  |  FRIDAY, 23 APR 2021
... raison's a-plenty....and they came in C's. There's US President Joe Biden's plan to lift the capital gains tax, there's the lingering surge in COVID-19 infections, and there's climate change. Take your pick. Bloomberg reports ...

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 ...

Investment bonds a good alternative to Wills: GDG

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
... Certainly no headaches, no tax returns [and] anyone can be a beneficiary." Investment bonds don't incur capital gains tax. Instead, they are taxed at maximum 30%. Transferring ownership of an investment bond, for example to children, is also a non-CGT ...

Industry fund introduces tax incentive

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
... executive Brendan O'Farrell said the PTB is available because of the money Intrust Super has put aside to pay capital gains tax when assets in investments are sold for a profit. PTB could have an enormous impact on the retirement balance of members ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... note, 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 ...

Super reform should happen, but not now: Grattan

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
The Grattan Institute has warned that now is not the time to enact sweeping reforms as the nation battles the economic effects of the COVID-19 pandemic. Chief executive of the Grattan Institute John Daley said policy priorities need to reflect the new ...

Expats sweat as main residence CGT cut-off looms

ALLY SELBY  |  THURSDAY, 28 MAY 2020
Already facing a rapidly approaching deadline signaling the end of exemptions from capital gains tax, expats now face further challenges in selling their former family homes, with only COVID-19 to blame. Atlas Wealth Management managing director James ...

Merging super funds guaranteed tax relief

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... merging super funds is now permanent, rather than a temporary measure. Previously, fund members may have faced a Capital Gains Tax liability when their fund merged. CGT rollover relief designed to reduce that liability was previously a temporary measure ...