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

  1. Super tax increase ‘raises retrospective CGT issues’

    Labor’s move to double tax on balance earnings above $3 million throws up a problem with unrealised capital gains. The government should provide CGT relief for those impacted by the $3 million superannuation threshold to prevent capital gains being...

  2. SMSFA encouraged by talk of a deal over super tax

    would be open to discussions on alternative super tax reform if the government walked away from its plans to tax unrealised capital gains. “There’s no doubt in opposition, we will be constructive where we can, but critical where we must, and when it...

  3. 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...

  4. With $3m super tax ‘the house always wins’

    The proposed method for taxing super balances above $3 million will generate problems because it treats income and unrealised capital gains equally, says IPA general manager, Tony Greco. He said it also failed to apply the CGT discount to unrealised...

  5. SMSFA says it is time for government to take Div 296 ‘off the table’

    said. “It’s fair to say that we had significantly underestimated their willingness to vote against a tax on unrealised capital gains and also to vote against a tax that had been designed for the large funds with no regard to the carnage that would have...

  6. Uncertainty around CGT exemptions

    While the small business capital gains tax exemptions are seemingly unaffected by the proposed budget changes, according to Challenger’s Jeremy Cooper, there are some areas of uncertainty. Speaking at event hosted by Spring Financial Group, Mr Cooper,...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Tax

  7. 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...

  8. Super tax will haunt government: Spender

    radar.” Spender said she was most passionate about the tech and start-up sectors regarding the impact of taxing unrealised capital gains. She said she believes the government “genuinely wants to pursue a high productivity”, but the Division 296 tax will...

  9. SMSFA still hopeful Div 296 bill may include amendments

    from across the community come out and express their concerns about this tax, about the implications of taxing unrealised capital gains,” he said. “We know the Prime Minister prides himself on his willingness to listen, so I’m still optimistic that they...

  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. ‘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...

  12. 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...

  13. ASFA’s land tax analogy and Div 296 ‘falls short’: industry leader

    concerns. SMSF members with appreciating property values may now be hit with both annual land tax and a tax on unrealised capital gains. If the fund lacks liquidity to cover these taxes, trustees may need to pay out of pocket — an option not always...

  14. 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...

  15. Auditor rallies younger members to fight against $3m super tax

    the proposed changes, which will double the tax rate for earnings on super balances above $3 million and tax unrealised capital gains, highlighting Ms Randeria’s concerns. “These measures will fundamentally change what is one of the best superannuation...

  16. Farmers, small business ‘to bear brunt of $3m super tax’

    business communities” were most likely to be adversely affected by the proposed legislation thanks to its tax on unrealised capital gains. In its submission on the Division 296 measure, which adds an extra 15 per cent tax on total super balances (TSBs)...

  17. Coalition would reverse Div 296 tax: Howarth

    basically just need the Greens to support them, and they're all in on this. They [the Greens] don't mind taxing unrealised capital gains and taxing people more. They also want to lower the threshold and make it retrospective.” He continued that if the...

  18. Main residence exemption myths and misconceptions

    The surge in the residential property market continues to attract buyers and sellers, many involving the family home. This article considers the common myths and misconceptions when it comes to being eligible for the main residence exemption. When it...

  19. SMSFA urges Senate crossbench to halt ‘flawed’ super tax bill

    superannuation trustees have a legislative obligation to keep sufficient liquidity and therefore the taxation of unrealised capital gains should not be a liquidity concern lacks commercial realism. “It is completely unreasonable to expect trustees, when...

  20. 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...

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