Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 109 results for "CGT"

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... 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 members ...

Financial services deregulation boosts economy by $2bn: FSC

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... consumers from legacy investment products to modern ones. The introduction of a product modernisation mechanism that provides CGT rollover relief and ensures the continuation of social benefit entitlements is another suggestion. This enables the closure ...

Treasury flags $23bn in CGT benefits

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... 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 year. Overwhelmingly ...

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 ...

ATO introduces trust taxation changes

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... business owners who are trustees will also see changes when submitting their tax return. The ATO will add four capital gains tax (CGT) labels into the trust tax return statement of distribution. "The information contained in the statement of distribution ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... invest in cryptocurrency. Investors must remember that cryptocurrencies, like shares, can give rise to capital gains tax (CGT) on profits, he said, adding they can be taxed on their profits as business income. Cryptocurrencies include coins, tokens ...

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... Also, the average benefit from superannuation earnings stood at $1140 for men and $760 for women. Regarding capital gains tax (CGT) discount for individuals and trusts, Treasury insights yet again indicate a trend favouring higher-income individuals. ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... investment schemes. "Outside of a successor fund transfer (SFT), whereby a whole superannuation fund is transferred to another, and CGT relief applies for all members, there is no existing, viable mechanism that enables trustees of super funds and managed ...

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 ...
PREVIOUS
NEXT