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

Search Results

Showing 1 - 10 of 220 results for "Capital gains tax"

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 ...

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 ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... Institute also supports the removal of barriers to consolidation of some choice options, particularly facilitating capital gains tax relief when trustees initiate product transfers that are in members' best financial interests. However, the Institute ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... Australians 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 ...

New SMSF solution for Islamic Australians launched

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... when the property is eventually sold for a greatly increased price it will be tax free as it will be free of capital gains tax. "It is a religious, ethical and tax efficient win-win-win solution for Australian Muslims that was not available before."

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. ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... for MySuper products. In doing so, the government should offer members within failed trustee-directed products Capital Gains Tax rollover relief to facilitate the transition to contemporary investment options, he said. The results have also sparked calls ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... market value (or the unrealised gain) of an asset. "Once that asset is sold, people will still be required to pay capital gains tax on the sale once actually sold, therefore triggering a double taxation arrangement, thereby warranting further consultation," ...

FAAA sounds alarm on no-consultation super reform

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
... payable. However, they might be only a year or two off transitioning into a pension product, which could make the capital gains tax avoidable," he said. Anderson also critiqued the "forcefulness" of the notifications, suggesting they were unduly pushing ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... more due to a number of factors including the taxing of unrealised gains, the lack of access to the one third Capital Gains Tax discount that applies to super funds and the lack of access to the benefit of franking credits that would otherwise be available ...
PREVIOUS
NEXT