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Assuming unrealised is required, and capital is required, and gains is required, the following 71 results were found.

  1. Voluntary liquidations likely to spike post-passage of CGT reforms, partner says

    company still serves a genuine, commercial purpose; whether it holds pre-20 September 1985 assets or significant unrealised capital gains; whether the structure is likely to operate as intended under the reforms; whether there is any retained profits,...

  2. Budget backflip on testamentary trusts not all that it seems

    for the passage of the truly intended changes. Certainly, following the hugely controversial proposal to tax unrealised capital gains, the lobbying to prevent that one aspect of the attack on self-funded retirees, meant that few (if any) of the aspects...

  3. Super tax changes and SMSFs

    is that the tax will only be calculated on income, and not assets. Initially the government had planned to tax unrealised capital gains but this aspect of the proposal has fortunately not made it into the final legislation. Instead, SMSFs can opt in to...

  4. How to plan inheritance fairly where children live abroad

    best explained using an example. Consider Jenny, whose estate is worth $2,000,000, which includes $1,000,000 in unrealised capital gains. Jenny wishes to distribute her estate equally between her two children – Scott and Charlotte – upon her death....

  5. Revised Div 296 bill passes lower house

    some of the more controversial elements of its previous bill in the new legislation, such as the taxation of unrealised capital gains and the absence of any indexation for the thresholds. The new version of the bill contains a different calculation for...

  6. Treasury opens consultation for Div 296 just in time for Christmas

    Treasury has opened consultation for its amended Division 296 super tax bill period just in time for the holiday season, giving stakeholders until 16 January to respond with feedback. Last Friday (19 December), Treasurer Jim Chalmers released updated...

  7. Bumper part 2: what to look out for in 2026

    Accountants need to stay informed about 2026 tax and superannuation changes, plus developments in generative AI. This article is the second in a two-part series that reflects on the major developments that have shaped the tax and superannuation...

  8. Altered super tax proposal brings ‘waves of relief’ for professionals

    to the contentious Div 296 tax proposal. The most notable changes made included the scrapping of the tax on unrealised capital gains and indexation of the $3 million threshold, as well as an increase to the low-income superannuation tax offset (LISTO)....

  9. ‘Common sense’: Government bows to super tax pressure

    campaigning against it. At a press conference yesterday (13 October), Treasurer Jim Chalmers announced that taxing unrealised capital gains would be abandoned, the low-income superannuation tax offset (LISTO) would be increased and the details of the...

  10. Div 296 must be considered ‘holistically’, IPA says

    would create inequitable outcomes and practical compliance challenges for affected taxpayers. The inclusion of unrealised capital gains in the calculation of earnings, the lack of a refund mechanism for negative earnings, the absence of indexation for...

  11. Delay in Div 296 tax ‘no surprise’: SMSFA

    and we know that is a consideration,” he said. “The government is obviously very concerned about the taxation of unrealised capital gains, and the unintended consequences that flow from that. I think the other thing is that the government is trying to...

  12. Treasurer going against department advice if Div 296 backdated

    being put forward, that this could change.” Burgess continued that not only are the taxing paper profits in unrealised capital gains unprecedented in Australia, but so is ignoring the advice of Treasury if that is the course the government chooses to...

  13. Deferred tax accounting not guaranteed to improve Div 296 outcome

    a provision for deferred tax accounting, we're recognising a liability for the tax which would be payable on our unrealised capital gains if those assets were sold at year end,” she explained. “Conversely, if we're in a loss position, then we might be...

  14. Div 296 unlikely to enter parliament in first sitting fortnight

    maintained that Labor’s intention is to “legislate the package that we proposed more than two years ago”. “The unrealised capital gains calculation was recommended to us by Treasury. We provided years of opportunities for people to suggest different...

  15. Alternative super tax proposal now in the hands of government

    An alternative Division 296 proposal has landed with the Prime Minister’s office as a rebuttal to claims that there are no better options. Former Westpac director of pricing, Kerry Gore, formulated the proposal, prompted by remarks that Prime Minister...

  16. Tax reform agenda eyeing other structures: auditor

    wall” for the government to move on taxing other structures, with the Treasurer’s refusal to reconsider the tax on unrealised capital gains or increase GST, a leading auditor has said. Naz Randeria, director of Reliance Auditing Services, has long been...

  17. Tax Institute urges government to scrap Div 296, review NALI

    to address various other concerning elements of the measure, including specifically addressing the taxation of unrealised capital gains in SMSFs and the inability to carry unrealised losses back to be applied against previously taxed unrealised gains,”...

  18. Treasurer’s claims about Div 296 ‘farcical’, industry bodies say

    the bill’s design flaws since it was announced in 2023. “We are particularly concerned about the taxing of unrealised capital gains and the precedent this would set. As a result, CA ANZ has participated in every consultation opportunity available, which...

  19. Year end wrap 2025

    EOFY tax and superannuation issues explained. As the end of the financial year (EOFY) approaches, it is essential practitioners are across the latest tax and superannuation measures when considering their clients’ affairs to ensure they are best...

  20. Greens in discussions with Labor over Div 296 tax

    of the deal. However, the Treasurer stated on Wednesday that Labor intended to proceed with its plans to tax unrealised capital gains. “The unrealised capital gains calculation was recommended to us by Treasury. We provided years of opportunities for...

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