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Showing 1 - 10 of 98 results for "CGT"

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 ...

Merging super funds guaranteed tax relief

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... 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, which was extended several times. ...

HUB24 net inflows up 72%

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
... their clients to adapt quickly to the current conditions." These include the platform's tax efficiency tools to manage CGT and transaction cost implications when rebalancing portfolios, and digital signatures for onboarding clients. Other solutions ...

Netwealth leads the platform pack

ALLY SELBY  |  TUESDAY, 18 FEB 2020
... evaluated offer managed accounts. Choi said there had been significant improvements in the space over the past year; including new CGT modelling tools, improvements in the substitution and exclusion of direct stocks, and equipping model managers with ...
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