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

  1. Coalition ‘dead against’ Div 296, ASFA ‘not as concerned’

    of this nation, if we have a Dutton-led national government, we are dead against it,” Taylor said. “I mean taxing unrealised capital gains, give me a break. They are unrealised, that's the point. So, how do you pay tax on an unrealised gain? You realise...

  2. Treasurer claims ‘no alternative’ to taxing unrealised capital gains

    losses, defined benefit pensions to be valued annually, the ATO to undertake complex calculation of earnings and unrealised capital gains to be included, once again illustrates the absences of any genuine consultation with industry.” He added that on...

  3. Unrealised capital gains are already taxed in Australia, claims minister

    Assistant Treasurer Stephen Jones has claimed it is “simply not true” that unrealised capital gains are not taxed anywhere else in the world. Minister Jones was speaking in response to amendments put forward on Wednesday by independent member for...

  4. Corporate leader hopeful Greens will see the light on taxing unrealised capital gains

    that while he is supportive of Better Targeted Superannuation legislation in some form, it is the taxing of unrealised capital gains that has not just the SMSF sector, but the broader corporate world, concerned. Last week, Wilson told SMSF Adviser that...

  5. Industry groups urge major parties to rule out taxing unrealised gains

    the political and economic damage such a policy would cause – no such commitment has been made on taxing unrealised capital gains.” It continued that as the Division 296 is still a threat, if it is passed it will set a “dangerous precedent". “Once...

  6. SMSFA urges Senate to reject super tax legislation

    since this tax proposal was first mooted in early 2023, it seems determined to press ahead with the taxation of unrealised capital gains that will be disastrous for thousands of primary producers and small and family businesses who will be impacted.”...

  7. The windfall gains tax – plunder or taxation?

    The WGT does not require any “dutiable transaction” for the liability to arise, and therefore effectively taxes unrealised capital gains. Many landowners are unlikely to be able to pay the WGT when it arises. This is particularly the case where the...

  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. $95bn loss predicted to Australian economy if Div 296 passes: analysis

    Analysis from one of the country’s biggest asset management firms has revealed a “deadweight loss” of $94.5 billion to the nation’s economy if the Division 296 tax gets over the line. A discussion paper from Wilson Asset Management on the proposal by...

  10. Tax on unrealised gains in super ‘a dangerous precedent’

    The concept proposed under Labor’s $3 million threshold has sparked fears the same approach could be adopted for other types of entities. The idea of taxing unrealised gains under an earnings tax calculation is a unique concept for Australia and...

  11. Joint bodies fight for crucial changes to $3m super tax bill

    issues before the bill is legislated. The joint bodies have previously expressed concerns about the taxation of unrealised capital gains under the measure due to the proposed calculation for the new tax and the absence of indexation. “The calculations...

  12. Practical scenarios demonstrate dire consequences of Div 296 tax, auditor warns

    The taxation of unrealised gains following the introduction of Division 296 tax will pose severe financial risks for more volatile investments, a specialist auditor has cautioned. With the bill to implement the Division 296 tax expected to be debated...

  13. 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,”...

  14. $3m super tax will thump thousands of SMSF members with $80k bill

    analytics Professor Ralf Zurbrugg said the liquidity stress in the findings was exacerbated by the inclusion of unrealised capital gains in the measurement of earnings. “Taxing unrealised capital gains is a somewhat radical departure from existing tax...

  15. Budget forecast for super tax ‘litmus test’ for unrealised gains

    If the government sticks to its $2 billion revenue projection, then investors will move funds out of super, says SMSF Association. The SMSF sector will be watching the budget closely next week to see if the proposed super tax will produce $2 billion...

  16. Why Division 296 sets a stressful precedent

    In imposing a levy on unrealised gains, the $3 million super tax bucks basic principles. We are in the throes of a significant change to the taxation of superannuation as we await the next stage of the policy design. On 28 February, the government...

  17. Independent MPs demand urgent changes to $3m super tax reforms

    for the $3 million superannuation tax. Eight independent MPs have united to oppose the "egregious proposal" to tax unrealised capital gains as part of the government's Better Targeted Superannuation Concessions and Other Measures bill. The bill,...

  18. SMSFA hits back at Chalmers over div 296 consultation claims

    “In some parts of the superannuation system deemed income rates are applied which differ fundamentally from taxing unrealised capital gains,” Burgess explained. “By drawing a parallel between these distinct approaches, the statement confuses the public...

  19. Senate committee gives $3m super tax bill the green light

    to be responsible for setting this threshold, which is a common feature of the tax system." On the taxation of unrealised capital gains, the committee stated it understands views shared by inquiry participants but believes, on the balance of evidence,...

  20. 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....

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